Kosmos Energy Shares Down After Tullow Deal Talks Disclosed
Dow Jones2024-12-12
By Josh Beckerman
Kosmos Energy shares fell to a 52-week low on news of a possible Kosmos all-share offer to buy Tullow Oil.
The stock was recently down 15% to $3.16 and is down about 52% this year. The intraday low was $3.13.
London-based Tullow said it noted recent media speculation and said it was in preliminary discussions with Kosmos. Later Thursday, Kosmos said the parties were in "very preliminary discussions."
Write to Josh Beckerman at josh.beckerman@wsj.com
(END) Dow Jones Newswires
December 12, 2024 15:45 ET (20:45 GMT)
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