-+ 0.00%
-+ 0.00%
-+ 0.00%

DNO Declares Capricorn Energy Bid Final as Genel Raises Offer

MT Newswires·09/28/2026 02:43:11
Listen to the news
02:43 AM EDT, 09/28/2026 (MT Newswires) -- DNO (DNO.OL) said Monday its takeover proposal of $5.214 in cash per share for energy production company Capricorn Energy (CNE.L) is final and will not be increased. The Norwegian oil and gas operator made the offer through DNO Bidco. It made the statement after oil and gas production company Genel Energy's (GENL.L) Genel Energy No.9 unit increased its competing offer for Capricorn to $5.74 in cash per share from $4.74 in cash per share. Acknowledging commitments of support from Capricorn shareholders for Genel's proposal, DNO confirmed that it is not planning to implement its bid via a contractual offer.