HawkInsight

  • Contact Us
  • App
  • English

Tellurian stock gains after sale to Woodside Energy gains CFIUS approval

CHUNYIP WONG/E+ via Getty Images Tellurian (NYSE:TELL) rose 1.6% in after hours trading after its planned sale to Australia's Woodside Energy (WDS) won US national security approval. The Committee on Foreign Investment in the United States informed Tellurian (TELL) that it approved the sale to Woodside (WDS) on Friday, according to an 8-K filing. The sale is expected be completed on or about Tuesday. Earlier Friday, Tellurian (TELL) announced that its shareholders voted to approve the company's proposed acquisition by Australia's Woodside (WDS). Woodside (WDS) in July agreed to buy Tellurian (TELL), including its 27.6M metric tons/year Driftwood LNG export project on the U.S. Gulf Coast, for $1.2B including debt.

Disclaimer: The views in this article are from the original author and do not represent the views or position of Hawk Insight. The content of the article is for reference, communication and learning only, and does not constitute investment advice. If it involves copyright issues, please contact us for deletion.

NewFlashHawk Insight
More