Irish founded business in early discussions with US-based Kosmos Energy
Tullow Oil is in talks to be taken over by Dallas-based Kosmos Energy, in a potential deal that would end the Irish founded explorer’s 40 year history as an independent company.
News of the potential deal comes a week after Rahul Dhir said he was stepping down as chief executive of Tullow.Mortgage holders to see dramatic fall in repayments “The negative share price reaction on both stocks suggests that creating a $2 billion market cap with over $4 billion of net debt may be too much for investors to swallow, despite the obvious operational synergies,” David Mirza, an analyst with SP Angel wrote in a research note.
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