Talos Energy Sells Additional Stake in Zama to Grupo Carso; Enters into a Cooperation Agreement with Control Empresarial and Terminates Stockholders Rights Plan [Yahoo! Finance]
Talos Energy, Inc. (TALO)
Last talos energy, inc. earnings: 3/11 06:00 pm
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Source: Yahoo! Finance
its Mexican subsidiary ("Talos Mexico") today announced the sale of an additional 30.1% interest in Talos Mexico (the "Transaction") to Zamajal, S. A. de C.V. ("Zamajal"), an entity owned 90% by Grupo Carso , S.A.B. de C.V. ("Carso") and 10% by Control Empresarial de Capitales, S.A. de C.V., which owns approximately 24% of Talos's common stock. (PRNewsfoto/Talos Energy) As consideration for the additional stake, Talos will receive $49.7 million in cash at closing, with an additional $33.0 million due upon first commercial production from the Zama Field, for an aggregate price of $82.7 million . At closing, Talos Mexico will be owned 20.0% by Talos Energy and 80.0% by Zamajal. Talos Mexico holds a 17.4% interest in the Zama Field. The Transaction is expected to close upon the receipt of all regulatory approvals. Upon the achievement of commercial production from the Zama Field, Talos now expects to receive $82.9 million in cash contingent considerations. This amount comprises $33
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News
- Talos Energy Sells Additional Stake in Zama to Grupo Carso; Enters into a Cooperation Agreement with Control Empresarial and Terminates Stockholders Rights PlanPR Newswire
- Talos Energy Inc. (NYSE: TALO) had its price target lowered by analysts at Mizuho from $16.00 to $14.00. They now have an "outperform" rating on the stock.MarketBeat
- Talos Energy Inc. (NYSE: TALO) is now covered by analysts at JPMorgan Chase & Co.. They set a "neutral" rating and a $12.00 price target on the stock.MarketBeat
- Talos Energy Inc. (NYSE: TALO) had its price target raised by analysts at Citigroup Inc. from $12.50 to $14.50. They now have a "buy" rating on the stock.MarketBeat
- Talos Energy Inc (TALO) Q3 2024 Earnings Call Highlights: Record Production and Strategic ... [Yahoo! Finance]Yahoo! Finance
TALO
Earnings
- 11/11/24 - Beat
TALO
Sec Filings
- 12/18/24 - Form SCHEDULE
- 12/18/24 - Form 25-NSE
- 12/17/24 - Form 8-A12B/A
- TALO's page on the SEC website