Reported Sunday, Woodside Energy To Acquire Tellurian For $900M In All-Cash Deal, Offering 75% Premium Over July 19 Closing Price
Portfolio Pulse from Benzinga Newsdesk
Woodside Energy is set to acquire Tellurian for $900 million in an all-cash deal, offering a 75% premium over the July 19 closing price. This acquisition will create a global LNG powerhouse and provide an attractive entry into a scalable, fully permitted 27.6 Mtpa US LNG development option, with significant cash generation potential to support long-term shareholder returns.
July 22, 2024 | 6:51 am
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POSITIVE IMPACT
Tellurian is being acquired by Woodside Energy for $900 million in an all-cash deal, offering a 75% premium over the July 19 closing price. This acquisition will likely boost Tellurian's stock price significantly in the short term.
The acquisition by Woodside Energy at a 75% premium over the July 19 closing price is a strong positive signal for Tellurian's stock. Investors are likely to react positively, driving the stock price up in the short term.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100
POSITIVE IMPACT
Woodside Energy is acquiring Tellurian for $900 million in an all-cash deal. This acquisition will create a global LNG powerhouse and provide significant cash generation potential, which could positively impact Woodside's stock price.
The acquisition of Tellurian will enhance Woodside Energy's position in the global LNG market and provide significant cash generation potential. This strategic move is likely to be viewed positively by investors, potentially boosting Woodside's stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100