Houston-based Tellurian Inc. stockholders have approved Woodside Energy Group Ltd.’s $900 million offer to buy the developer of the Driftwood LNG project in Calcasieu Parish, Louisiana. The offer values Tellurian at $1 per share.
Specific tallies of the shareholder vote were not released in an Oct. 4 Tellurian press release.
Australia’s Woodside has said it expects to complete the acquisition in December. The Woodside deal has an implied enterprise value of $1.2 billion, Woodside and Tellurian have said.
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