DNO to buy Capricorn Energy in $396m cash-plus-special dividend deal
DNO will pay $5.214 per Capricorn share in a $396m deal, comprising $4.224 in cash and a $0.99 special dividend. The offer implies around 384p per share.
DNO will pay $5.214 per Capricorn share, made up of $4.224 in cash and a special dividend of $0.99. The consideration equates to about 384p a share and represents a 45% premium to the closing share price on 10 March, the day before the offer period began. The offer is also higher than the bid made by Gen…