Genel rejects £202 million cash approach from DNO

Genel Energy PLC (LSE:GENL, FRA:4VL, OTC:GEGYY) has rejected a £202 million cash approach from DNO, its Norwegian rival in the Kurdistan region of Iraq. DNO has taken the proposal public after being rebuffed, a move that raises pressure on the Genel board to open talks.

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Source: Proactive Investors

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Category Stock

Source Proactive Investors

Published 1 month ago

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News ID #2,757

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