Kosmos Energy Ltd. (KOS), a company specializing in upstream oil operations, announced on Tuesday that it currently has no plans to proceed with a firm acquisition proposal for Tullow Oil Plc. (TLW.L), an exploration company based in Ireland. Previously, Kosmos Energy had acknowledged engaging in initial discussions about a potential all-share acquisition of Tullow Oil, with Tullow Oil also confirming these talks. In pre-market trading on the New York Stock Exchange, KOS shares rose by 9.96%, reaching $2.98.
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