UK's Tullow Oil top loser among FTSE small-caps after report of deal collapse

ReutersJun 18, 2025 8:31 AM

Oil and gas explorer Tullow Oil TLW.L shares slump as much as 22% to 16.7p

Top loser on FTSE small-cap index .FTSC, which is down 0.07%

Merger talks between TLW and Canadian-listed peer Meren Energy MER.TO have collapsed, Sky News reports

Report does not mention reason for collapse

Reuters was not able to independently confirm the news; TLW did not immediately respond to a request for comment

Including session's losses, TLW down 15.1% so far this year

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