Talos Energy gains amid report of merger talks with Harbour Energy

• Talos Energy (NYSE:TALO) rose 5% amid a report that the Harbour Energy (OTCPK:HBRIY), Britain's largest North Sea oil and gas producer, is in talks to merge the two companies.
• The companies have been holding talks on and off for at least the last six months, though discussions have rekindled in recent weeks, according to a Reuters report, which cited people familiar with the situation. If a deal is reached, it may involve the combined company listing in New York.
• Specific details of the deal terms couldn't be learned, according to Reuters.
• Talos Energy (TALO) has a a market cap of $1.7 billion, while Harbour Energy (OTCPK:HBRIY) is valued at about 2 billion pounds ($2.5 billion).

More on Talos Energy

• Talos Energy Partners With Grupo Carso For Zama Development
• Talos Energy: Undervalued At Present Prices
• Talos Energy to sell 49.9% stake in Mexican subsidiary in $125M deal