Tellurian Shares Soar on $1.2B Woodside Deal: Details
Portfolio Pulse from Lekha Gupta
Tellurian Inc. (NYSE:TELL) shares surged after announcing a $1.2 billion acquisition deal with Woodside Energy Group Ltd (NYSE:WDS). The deal includes a $900 million all-cash payment and a $230 million loan to support Driftwood LNG operations. The acquisition price represents a significant premium to Tellurian's recent stock prices.
July 22, 2024 | 10:58 am
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Tellurian Inc. shares surged after announcing a $1.2 billion acquisition deal with Woodside Energy Group Ltd. The deal includes a $900 million all-cash payment and a $230 million loan to support Driftwood LNG operations. The acquisition price represents a significant premium to Tellurian's recent stock prices.
The acquisition deal with Woodside Energy Group Ltd significantly boosts Tellurian's stock price due to the substantial premium offered and the financial support for Driftwood LNG operations.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100
POSITIVE IMPACT
Woodside Energy Group Ltd announced a $1.2 billion acquisition deal with Tellurian Inc., including a $900 million all-cash payment and a $230 million loan to support Driftwood LNG operations. This deal adds a scalable US LNG development opportunity to Woodside's portfolio.
The acquisition of Tellurian Inc. enhances Woodside's LNG portfolio and provides a strategic US LNG development opportunity, which is likely to positively impact its stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 80