Talos Energy falls; co adopts limited 'poison pill' defense

Talos Energy

01/10/2024 14:48

** U.S.-based oil and gas firm Talos Energy's  TALO.N 
shares fall 1.6% to $10.19 in early morning trading
    ** Company approves adopting limited duration "poison pill"
to reduce likelihood of Mexico-based Control Empresarial De
Capitales gaining control
    ** Control Empresarial De Capitales, headed by Carlos Slim,
increased stake to $30 mln in early September
    ** Shareholder rights plans, known as "poison pill", are
used by corporate boards to thwart hostile takeover bids
    ** Rights Plan effective immediately and will expire on Oct.
1, 2025
    ** Including session's move, Talos shares down ~28.3% YTD

 (Reporting by Seher Dareen in Bengaluru)
 ((Seher.Dareen@thomsonreuters.com;))