DNO will not proceed with bid for Genel Energy
Norwegian oil and gas firm DNO said it does not intend to make an offer to acquire Genel Energy, and that its U.K. peer’s board did not show willingness to engage in talks.
By Dominic ChoppingNorwegian oil and gas company DNO said it doesn't intend to make an offer to acquire Genel Energy, and that the board of its U.K. peer didn't show willingness to engage in talks.DNO had proposed a 202 million-pound ($273.2 million) takeover with two potential deal structures in J…