In a bold move, Talos Energy has adopted a "poison pill" measure to prevent Mexico’s Control Empresarial De Capitales from gaining more control over the company. With owner Carlos Slim already holding nearly 24% of Talos shares, the measure aims to cap any single investor’s ownership at 25%.
As noted by Kevin MacCurdy from Pickering Energy Partners, while poison pills are uncommon, they are sometimes necessary to protect companies’ long-term interests and maintain stability.
Talos' decision follows a period of major transitions, including its $148 million carbon capture business sale and CEO Tim Duncan’s abrupt departure. With Talos focusing on its core offshore business, investors are watching closely to see how the company will execute its next moves.
