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Kosmos Energy ( (KOS) ) has provided an announcement.
Kosmos Energy has announced it will not make a firm offer for Tullow Oil plc at this time, following preliminary discussions between the two companies. The decision is in line with Rule 2.8 of the City Code on Takeovers and Mergers, but Kosmos reserves the right to reconsider under certain circumstances. This decision temporarily halts potential consolidation in the oil and gas sector, impacting stakeholders and market positioning.
More about Kosmos Energy
Kosmos Energy is a full cycle deepwater, independent oil and gas exploration and production company with operations focused along the offshore Atlantic Margins. Their key assets are located offshore Ghana, Equatorial Guinea, the U.S. Gulf of Mexico, Mauritania, and Senegal. The company is listed on the New York Stock Exchange and London Stock Exchange under the ticker KOS, and is committed to transparency, ethics, human rights, safety, and environmental responsibility.
YTD Price Performance: -59.61%
Average Trading Volume: 8,898,703
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $1.28B
For an in-depth examination of KOS stock, go to TipRanks’ Stock Analysis page.
