(Reuters) -U.S. oil and gas firm Kosmos Energy walked away from its pursuit of West Africa-focused Tullow Oil on Tuesday, without specifying any reason for the decision.
This came less than a week after the companies announced they were in early talks for a potential deal.
Kosmos had a deadline of 5 p.m. London time on January 9, 2025, to make a firm offer.
Following the news, shares in Tullow Oil fell about 4%, while Kosmos stock rose by around 10%.
Tullow Oil did not immediately respond to a Reuters request for comment.
(Reporting by Aby Jose Koilparambil in Bengaluru; Editing by Tasim Zahid)
