Woodside Energy Completes $900 Million Acquisition of Tellurian

Sunday, 21 July 2024, 22:29

Tellurian Inc. has announced a definitive agreement to be acquired by Woodside Energy for approximately $900 million. Under the terms, Woodside will purchase all outstanding shares of Tellurian at $1.00 per share in an all-cash deal. This acquisition signifies a strategic move for Woodside to expand its portfolio in the energy sector, highlighting a growing trend of consolidations within the industry. Investors should closely monitor the implications of this acquisition on market dynamics and energy investments.
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Woodside Energy Completes $900 Million Acquisition of Tellurian

Woodside Energy Acquires Tellurian

On July 21, 2024, Tellurian Inc. (NYSE American: TELL) made a significant announcement regarding its future. The company has entered into a definitive agreement with subsidiaries of Woodside Energy Group Ltd (ASX: WDS) for an acquisition valued at approximately $900 million.

Acquisition Details

  • Woodside will acquire all outstanding shares of Tellurian.
  • The purchase price is set at $1.00 per share.
  • This will be an all-cash transaction.

Implications for Investors

This deal reflects a significant shift in the energy landscape and indicates a trend of consolidation within the sector. Investors should evaluate how this acquisition may impact market positions and energy investments going forward.

Conclusion

The acquisition of Tellurian by Woodside is a major development in the energy market, representing both opportunity and change. Stakeholders should remain informed about the continuing evolution in the energy sector.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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