5 articles
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.
UK-listed Genel Energy rejected a £202 million takeover bid from rival DNO, following its recent agreement to acquire Capricorn Energy in a separate $360 million deal.
Private investment firm Samos Energy has submitted a £268.8 million all-cash bid for UK-listed oil and gas producer Capricorn Energy. This competitive offer follows a near-identical proposal from Gene
London's FTSE 100 gained 0.5% led by healthcare and beverage stocks, highlighted by AstraZeneca's $1.77 billion drug deal and Genel Energy's acquisition of Capricorn Energy, as investors monitor US ec
Genel Energy agreed to acquire Capricorn Energy for $360 million in an all-cash deal to secure a foothold in Egypt. The offer includes a 33% premium and received unanimous board recommendation.
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