DNO has made a cash offer for Faroe at £1.52 per share. This represents a 20.8% premium to Friday’s close but the offer price is well below the level of £1.77 per share reached in early October.
26 Nov 2018
FLASH: DNO makes hostile £1.52 per share cash offer
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
FLASH: DNO makes hostile £1.52 per share cash offer
Faroe Petroleum (FPM:LON) | 0 0 (-0.4%) | Mkt Cap: 371.0m
- Published:
26 Nov 2018 -
Author:
Stephane Foucaud -
Pages:
2
DNO has made a cash offer for Faroe at £1.52 per share. This represents a 20.8% premium to Friday’s close but the offer price is well below the level of £1.77 per share reached in early October.