** 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;))
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.