UPDATE 1-Kosmos Energy walks away from Tullow Oil acquisition

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Dec 17 (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)

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