Kosmos Energy is in early talks to acquire Tullow Oil in a potential all-share deal.

US-based oil company Kosmos Energy is in early talks to potentially acquire Tullow Oil, a West Africa-focused firm, in an all-share deal. Kosmos has until January 9, 2025, to decide if it will make a firm offer. Tullow's shares rose 5.6%, while Kosmos' fell nearly 14.7% on the news. The deal could provide operational benefits but faces challenges in satisfying shareholders and creditors.

3 months ago
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