LNG Developer Tellurian Hires Lazard To Explore Possible Sale
Portfolio Pulse from Benzinga Newsdesk
Tellurian Inc., an LNG developer, has engaged financial advisory firm Lazard to explore a potential sale, according to Bloomberg. This move could indicate a strategic shift for Tellurian as it seeks to capitalize on the growing demand for liquefied natural gas.
January 25, 2024 | 9:13 pm
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Lazard has been hired by Tellurian Inc. to assist in exploring a potential sale, which could result in advisory fees and enhanced reputation for Lazard if the sale is successful.
Lazard's involvement as a financial advisor for Tellurian's potential sale could have a positive impact on its stock price, as successful advisory roles can lead to increased revenue from advisory fees and a boost in the firm's reputation in the M&A advisory market.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
Tellurian Inc. is exploring a potential sale with the help of Lazard, which could lead to significant changes in the company's strategy and operations.
The news of Tellurian Inc. exploring a sale is directly related to the company and could lead to increased investor interest, potentially driving up the stock price in the short term as market participants speculate on the outcome and value of such a sale.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100