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Woodside Energy Announces Acquisition of Tellurian for $1.2 billion in Cash

  • July 22, 2024

Australia’s Woodside Energy Group Ltd. (WDS) entered a definitive merger agreement on July 21, 2024, to acquire U.S. liquefied natural gas developer Tellurian Inc. (TELL),  including its U.S. Gulf Coast Driftwood LNG export project, for $1.2 billion including debt.

Deal Structure:

Under the terms of the agreement, Woodside will acquire all the outstanding shares of Tellurian for $1.00 per share, payable in cash, representing a premium of 75.44% from the stock’s last close.

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