Genel and DNO battle for Capricorn leaves October 16 meetings in limbo, raising takeover stakes for UK energy seller
Two rival bidders for London listed Capricorn Energy have pushed the timetable for a decisive October 16 meeting into uncertainty after an increased cash offer from Genel prompted the Capricorn board to adjourn rival DNO meetings. The move sharpens attention on regulatory and Egyptian project conditions that will determine the deal outcome and the future of a UK-focused oil and gas company.