BUZZ-Kosmos Energy rises after preliminary offer talks for Tullow Oil

Reuters

2024/12/13

BUZZ-<a href="https://laohu8.com/S/KOS">Kosmos Energy</a> rises after preliminary offer talks for Tullow Oil

** Shares of oil and gas producer Kosmos Energy KOS.N rise ~1.6% to $3.19 in extended trading

** During the session, shares fell as much as 15%

** Company confirms being in preliminary talks to buy Tullow Oil TLW.L in an all-stock deal

** KOS has a deadline of 5 p.m. London time on Jan. 9, 2025, to decide whether to announce a firm intention to make an offer or to declare that it will not pursue the acquisition

** As of session close, stock is down 52.6% YTD

(Reporting by Seher Dareen in Bengaluru)

((Seher.Dareen@thomsonreuters.com;))

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