UK's Tullow Oil top loser among FTSE small-caps after report of deal collapse

Meren Energy

18/06/2025 09:31

** Oil and gas explorer Tullow Oil TLW.L shares slump as much as 22% to 16.7p

** Top loser on FTSE small-cap index .FTSC, which is down 0.07%

** Merger talks between TLW and Canadian-listed peer Meren Energy MER.TO have collapsed, Sky News reports

** Report does not mention reason for collapse

** Reuters was not able to independently confirm the news; TLW did not immediately respond to a request for comment

** Including session's losses, TLW down 15.1% so far this year

 (Reporting by DhanushVignesh Babu in Bengaluru)

 ((DhanushVignesh.Babu@thomsonreuters.com;))