Kosmos Energy Ltd. (KOS), an upstream oil company, on Tuesday confirmed that it does not intend to make a firm acquisition offer at this time for Tullow Oil Plc. (TLW.L), an Irish oil and gas exploration company.
Earlier, Kosmos Energy had confirmed that it was in very preliminary discussions regarding a possible all-share offer for Tullow Oil, which also had confirmed the news of talks between the parties.
KOS was up by 9.96 percent at $2.980 in the pre-market trade on the New York Stock Exchange.
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June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.