What is the offer price per share that DNO is paying for Capricorn Energy, and how does it compare to Genel Energy's earlier bid?

DNO is offering $5.214 in cash for each Capricorn Energy share, which is higher than Genel Energy's July offer of $4.74 per share.

Why did Capricorn Energy's board withdraw its support for Genel Energy's proposal and recommend DNO's offer instead?

Capricorn Energy's board withdrew its support for Genel's $360 million proposal and recommended DNO's superior offer because DNO's $396 million bid — at $5.214 per share — was financially more attractive than Genel's $4.74-per-share offer.

Norway's DNO to Buy UK-Listed Capricorn Energy for $396 Million

Aug 31, 2026

Norwegian oil firm DNO agreed to acquire UK-based Capricorn Energy for $396 million, outbidding rival Genel Energy as rising oil prices fuel M&A activity in the Middle East region.

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Norway's DNO to Buy UK-Listed Capricorn Energy for $396 Million

Norway's DNO to Buy UK-Listed Capricorn Energy for $396 Million

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