CNE Capricorn Energy PLC

Under the revised terms, Capricorn’s shareholders will receive $5.74 per share through cash and a special dividend.

Genel Energy has raised its recommended offer for Capricorn Energy to $5.74 per share, valuing the company at about $436 million and prompting Capricorn’s board to withdraw its recommendation of DNO’s competing bid.

Investing.com -- Shares of Capricorn Energy soared to their highest level since August 2011 on Friday after Genel Energy raised its cash offer to $436 million, outbidding rival DNO and winning renewed backing from Capricorn’s board.

Genel Energy PLC (LSE:GENL, FRA:4VL, OTC:GEGYY) has raised its recommended cash offer for Capricorn Energy PLC (LSE:CNE, OTC:CRNZF) to US$5.74 per share, valuing the company at around US$436 million (£330 million) and trumping rival DNO’s revised proposal by about 10%. The offer comprises...

Capricorn Energy reported resilient first-half production and strong cash collections from its Egyptian assets as development drilling accelerated.

Under the new terms, shareholders will receive the full acquisition value directly in cash from DNO’s Bidco subsidiary.

DNO has improved its recommended US$396 million (£294 million) takeover of Capricorn Energy PLC (LSE:CNE, OTC:CRNZF) as an entirely cash offer, removing reliance on the target being able to pay a special dividend before completion. Capricorn shareholders will now receive US$5.214 per share in...

DNO and Genel, both partners in a producing oil project in Iraq's Kurdistan, are competing to enter Egypt via Capricorn.

DNO (OB:DNO) has moved into the spotlight after agreeing an all cash offer for Capricorn Energy, a UK listed upstream producer, in a deal that would add Egyptian assets to DNO’s portfolio. DNO’s latest share price of NOK18.09 comes after a 1 month share price return of 8.19% and a year to date share price return of 12.71%. The 1 year total shareholder return of 31.78% and 5 year total shareholder return of 246.93% point to momentum that has been building over time around the company’s wider...

DNO (OB:DNO) agreed to acquire Capricorn Energy for $396 million, marking its entry into Egypt's upstream oil and gas sector. The transaction adds Egyptian assets as a new operating region alongside DNO's existing positions in the North Sea and Kurdistan. Capricorn's board backed DNO's offer, which prevailed over a competing bid. For readers looking to explore more companies tied to long term energy supply themes, the next step is to review 91 nuclear energy infrastructure stocks. OB:DNO...