Oct 1 (Reuters) - Talos Energy ( TALO ) said on Tuesday
that it had adopted a so-called poison pill to keep Mexican
billionaire Carlos Slim's investment firm from gaining control
of the company.
The move comes days after Slim's Control Empresarial De
Capitales disclosed in a filing that it had accumulated 24% of
Talos' common stock, the company said.
Shares of Talos were down 2.7% in premarket trading.
Poison pill, or shareholders rights plan, is often used by
corporates to thwart hostile takeover bids.
The plan is effective immediately and will expire on Oct. 1,
2025.
Talos said the board might consider an earlier termination
of the rights plan if circumstances warrant.
"We have every intent to continue working constructively
with Control Empresarial. The Board welcomes long-term
investors," Talos' board chair, Neal Goldman, said.
(Reporting by Mrinalika Roy in Bengaluru; Editing by Anil
D'Silva)