Talos and Stone Energy merge in the Gulf of Mexico
On 21 November 2017, Talos Energy, LLC and Stone Energy announced that they will merge to create Talos Energy, Inc. (TALO). The new company will focus on offshore exploration and development in the US Gulf of Mexico and offshore Mexico. Talos' existing shareholders (mostly Apollo and Riverstone) will own 63% of the new company and Stone Energy will own 37%. Board positions will be split in a similar ratio. TALO is expected to start trading on the New York Stock Exchange during the ...