You have accessed this news story:
DNO succeeds in $818 million hostile takeover of Faroe
DNO Petroleum succeeded in forcing a hostile takeover of the Aberdeen-based North Sea explorer Faroe Petroleum on Jan. 9. The latter’s board told shareholders to accept DNO’s offer of 160 pence in cash, up from 152 pence, valuing Faroe at $818.4 million (£641.7 million). Olso-based DNO assumed statutory control of Faroe after accumulating 52.44% of the AIM-listed company’s shares through purchases and support. On Jan. 16, Faroe confirmed that DNO now held 75% of......
Provide your credentials to access this page
Member Area: Log in if you have a PLS web account or Sign up for internet access now.
PLS Web Client?Log in to proceed
|Sign up for PLS Reports
& Web Access!
Already subscribed to Reports?
Sign up for Web Access!