Tellurian (TELL) Stock

Australian energy producer Woodside Energy (WDS, Financial) experienced a decline of over 2.3%, with shares priced at $17.17. The drop comes after the company announced the completion of its acquisition of U.S. liquefied natural gas developer Tellurian.

TELL moves closer to deal closing as shareholders approve the acquisition by Woodside Energy for $1.2 billion.

Woodside Energy said on Wednesday it has completed the acquisition of U.S. liquefied natural gas developer Tellurian , including its U.S. Gulf Coast LNG export project, for $1.2 billion including debt.

HOUSTON--(BUSINESS WIRE)--Woodside has completed the acquisition of Tellurian Inc. (Tellurian) and its US Gulf Coast Driftwood LNG development opportunity. Woodside has acquired all issued and outstanding Tellurian common stock for approximately $900 million cash, or $1.00 per share. The implied enterprise value is approximately $1,200 million.1 Woodside is pleased to also announce it has renamed the Driftwood LNG development opportunity Woodside Louisiana LNG. Woodside Louisiana LNG is an unde.

OVERLAND PARK, KS / ACCESSWIRE / October 8, 2024 / Tortoise Capital today announced that Tellurian Inc (NYSE:TELL) will be removed from the Tortoise Decarbonization Infrastructure Indexsm (DCRBN) as a result of its announced acquisition by Woodside Energy Group LTD. As a result, TELL will be removed from the Index when the market opens on Oct. 10, 2024.

Tellurian shareholders have voted in favor of the U.S. LNG developer's proposed $1.2 billion acquisition by Australian energy producer Woodside Energy Group , the company said on Friday.

HOUSTON--(BUSINESS WIRE)--Tellurian Inc. (“Tellurian”) (NYSE American: TELL) today announced that its stockholders have approved the Merger Agreement Proposal, as defined in Tellurian's proxy statement, filed with the Securities and Exchange Commission (the “SEC”) on August 27, 2024, for its Special Meeting of Stockholders. About Tellurian Inc. Tellurian aims to generate shareholder value by establishing a competitive LNG enterprise, effectively supplying natural gas to customers worldwide. Hea.

Tellurian's sale to Woodside leaves investors with one less way to cash in on the LNG boom. Cheniere Energy is already an LNG leader (something Tellurian had hoped to become).

A pending acquisition leaves investors with some choices.