on Genel Energy (isin : JE00B55Q3P39)
Genel Energy Considers Position After DNO Offer for Capricorn
Genel Energy PLC, along with its subsidiary Genel Energy No.9 Limited, is evaluating its next steps following DNO Bidco AS's offer for Capricorn Energy. This announcement comes after DNO, wholly owned by DNO ASA, declared a recommended cash acquisition for Capricorn shareholders.
Genel has advised Capricorn shareholders to remain passive regarding the DNO Offer currently. The company, through Bidco, had expressed its intention to bid for Capricorn back in July, raising questions about the competitive landscape.
The transaction involves PJT Partners as the exclusive financial adviser to Bidco and Genel. The regulatory landscape for this deal remains pertinent, with disclosure requirements outlined under the Takeover Code. Full details can be accessed on Genel's official website.
R. P.
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