FINWIRES · TerminalLIVE
FINWIRES

Genel Energy Says Considering Position After DNO's Capricorn Energy Takeover Bid

By

Oil producer Genel Energy (GENL.L) said Tuesday it is considering its position following the announcement of its peer DNO's (DNO.OL) recommended cash acquisition of Capricorn Energy (CNE.L) worth $396 million.

Capricorn Energy on Tuesday accepted DNO unit DNO Bidco's cash offer of $5.214 in cash per share held, which its directors said has a "superior value" compared with the $4.74-per-share offer made by Genel Energy's Genel Energy No.9 Ltd.

Genel advised Capricorn shareholders to take no action in response to DNO Bidco's offer in the meantime.

Related Articles

Equities

Market Chatter: Activist Hedge Fund Elliott Management Buys Into Air Liquide

Activist hedge fund Elliott Management acquired an interest in Air Liquide (AI.PA), London's Financial Times reported Monday, citing people familiar with the matter.The unnamed sources said Elliott Management engaged with the French industrial gases company in recent weeks after building its stake.Air Liquide and Elliott did not immediately respond to requests for comments from.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

$AI.PA
Equities

Venezuelan Crude Oil Exports Reportedly Rise in Aug as Trump Looks for Greater Control

Venezuelan crude oil exports bounced back in August, just as the Trump administration unveiled plans to secure a greater foothold in the South American country's oil sector, Bloomberg reported Monday.According to data from Kpler and vessel movements tracked by Bloomberg, tankers loaded 1.114 million barrels of crude a day in August, a 28% increase month-on-month, as trade with India more than doubled.The Trump administration on Friday said the US government is partnering with private companies to gain control of 65 billion barrels of Venezuelan oil reserves.

Equities

Mizuho Securities Starts L'Air Liquide Coverage at Outperform

Mizuho Securities on Sunday initiated coverage of industrial gases company L'Air Liquide (AI.PA) with an outperform rating and a price target of 200.00 euros.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)

$AI.PA