Talos Energy 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.

Talos Energy (NYSE:TALO) wobbles between small gains and losses in Tuesday's trading after saying it adopted a shareholder rights plan in response to the continued accumulation of ~24% of common shares by Control Empresarial De Capitales,

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Talos Energy Inc. has implemented a so-called poison pill plan in a bid to defend itself against Mexican billionaire Carlos Slim’s repeated share purchases, which have reached 24.1% of the firm.

Though Talos shares have been underperforming for the last two years, Slim’s investment arm, Control Empresarial de Capitales, saw value in the company and “acted decisively o

Houston-based Talos Energy Inc. (NYSE: TALO) has adopted a poison pill measure to keep the richest man in Mexico from snapping up more shares. Over the past year, Carlos Slim, thr