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Breakingviews - Santos throws down M&A cost-cutting gauntlet
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Few business leaders aspire to the title of “king of cost-cutting”. But when a chief executive splashes out precious funds on a takeover, shareholders appreciate it when savings are delivered promptly, justifying premiums paid and demonstrating that the management team knows what they're doing. On those scores, at least, Santos boss Kevin Gallagher has raised the synergy bar.
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