DNO has increased its offer to acquire Faroe from £1.52 to £1.60 per share. The offer is now final and Faroe shareholders have until 23 January to accept it. DNO has already secured 52.44% of Faroe, which is above the required threshold to take control of Faroe’s board.
09 Jan 2019
DNO wins hostile takeover battle
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DNO wins hostile takeover battle
Faroe Petroleum (FPM:LON) | 0 0 (-0.4%) | Mkt Cap: 371.0m
- Published:
09 Jan 2019 -
Author:
Stephane Foucaud -
Pages:
4
DNO has increased its offer to acquire Faroe from £1.52 to £1.60 per share. The offer is now final and Faroe shareholders have until 23 January to accept it. DNO has already secured 52.44% of Faroe, which is above the required threshold to take control of Faroe’s board.