Talos Energy slides as Apollo, Riverstone to sell 5 mln shares

Riverstone Holdings

23/06/2021 22:06

** Talos Energy  TALO.N  shares down ~6% in extended trading
after co announces secondary offering
    ** Oil and gas producer says affiliates of Apollo Global
Management and Riverstone Holdings to sell 5 mln shares
 urn:newsml:reuters.com:*:nPn8tgl9Fa
    ** Per Refinitiv, Riverstone is top TALO holder with ~25.6
mln shares for ~31% stake, followed by Apollo with ~17 mln
shares for ~21% stake
    ** BMO Capital Markets sole underwriter for offering
    ** TALO shares on Weds closed up 2.8% at $18.65, extending
YTD gain to 126%

 (Lance Tupper is a Reuters market analyst. The views expressed
are his own)
 ((lance.tupper.tr.com@reuters.net
lance.tupper@tr.com 1-332-219-1430))