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 in per Capricorn share.
This comprises $4.224 in cash and a special dividend of $0.99.
That equates to around 384p per share, which is a 45% premium to the closing share price on 10 March, the day prior to the start of the offer period.It’s also higher than the offer made by Gen…