Talos adopts limited-duration rights plan after Control Empresarial accumulates ~24% stake

TALOS ENERGY INC.

Rights plan triggered if any person or group acquires 25% or more of TALO common stock without board approval.
Plan expires Oct 1, 2025 unless ratified by stockholders at next Annual Meeting; board may terminate earlier.
Control Empresarial holds ~24% as of Sept 27, 2024; company says it will continue constructive dialogue.
If rights become exercisable, holders (excluding acquiring person) can buy shares worth 2x exercise price.

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