secwatch.observer — SEC 8-K summary
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Issuer:     TELLURIAN INC. /DE/ (—)
CIK:        0000061398
Form:       8-K
Filed at:   2024-10-09T23:59:59+00:00
Accession:  0001104659-24-107216
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.90
Item codes: 2.01, 3.01, 3.03, 5.01, 5.02, 5.03, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Woodside completes $1.2B acquisition of Tellurian; TELL shareholders receive $1.00/share
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- Merger closed Oct 8, 2024; Tellurian shareholders receive $1.00 per share in cash, common stock delisted from NYSE.
- Woodside acquired Tellurian for ~$900M cash; implied enterprise value ~$1.2B including debt, preferred equity.
- Driftwood LNG renamed Woodside Louisiana LNG; target FID readiness from Q1 2025.
- All former Tellurian directors and officers resigned; replaced by Woodside appointees.
- Tellurian's 8.25% Senior Notes due 2028 to be redeemed at $25.75/note plus accrued interest on Nov 8, 2024.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/61398/000110465924107216/0001104659-24-107216-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/61398/000110465924107216/tm2425775d8_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-107216

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer