Published by Global Banking & Finance Review®
Posted on December 12, 2024
1 min readLast updated: January 27, 2026
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Tullow Oil is in preliminary discussions with Kosmos Energy about a possible all-share offer. No certainty on the offer's terms, with a decision deadline set for January 9, 2025.
(Reuters) - West Africa-focused Tullow Oil said on Thursday it was in preliminary talks with U.S.-listed Kosmos Energy over a possible all-share offer.
Tullow said the announcement is being made in response to recent media speculation, but noted that there is no certainty that any offer will be made, nor as to the terms of any such offer.
Kosmos Energy has until 5 p.m. London time on Jan. 9, 2025, to either announce a firm intention to make an offer or to declare that it does not intend to pursue the acquisition of Tullow.
Kosmos' shares were down over 6% in afternoon trading while Tullow's shares closed 5.6% higher earlier in the day.
(Reporting by Pushkala Aripaka in Bengaluru; Editing by Alan Barona)
The main topic is the preliminary talks between Tullow Oil and Kosmos Energy regarding a potential all-share offer.
Kosmos Energy has until 5 p.m. London time on January 9, 2025, to make a decision on the offer.
Kosmos Energy shares fell by over 6%, while Tullow Oil shares rose by 5.6%.
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