Latest News for GEGYF
UK-listed Genel Energy rejected DNO's £202 million ($271.8 million) takeover proposal, the Norwegian oil firm said on Friday.
Genel Energy LON: GENL reported that production suspensions at its Tawke operations weighed heavily on first-half performance, while management highlighted its proposed acquisition of Capricorn Energy as a potential step toward greater production scale and geographic diversification.
Britain's Capricorn Energy said on Wednesday it has received a £268.8 million ($359.33 million) all-cash bid from private investment firm Samos Energy, weeks after agreeing to a near-identical proposal from Genel Energy.
Genel Energy said on Thursday it will acquire Britain's Capricorn Energy for $360 million in an all-cash deal, handing the Kurdistan-focused oil producer a foothold in Egypt.
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