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.
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.