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Tellurian (TELL) has shared an announcement.
Tellurian Inc. has entered into a transformative Merger Agreement with Woodside Energy Holdings, which will result in Tellurian becoming a wholly owned subsidiary of Woodside. Tellurian’s board has unanimously approved the deal, advocating for stockholder acceptance. The agreement outlines a cash conversion for Tellurian shares upon merger completion—common stock at $1.00 per share and Series C Convertible Preferred Stock at $8.16489 per share, with provisions for stock options and warrants. To ensure the deal’s success, a Parent Guaranty has been provided, capping obligations at $250 million. The merger is contingent on stockholder approval and regulatory clearances, including from the Committee on Foreign Investment in the United States.
For a thorough assessment of TELL stock, go to TipRanks’ Stock Analysis page.
