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Updated: Dno Takeover Of Faroe Effectively Sewn Up | AutoTraffic

Updated: DNO takeover of Faroe ‘effectively sewn up’

Norway’s DNO is on track to seize control of Aberdeen-headquartered oil company Faroe Petroleum. DNO said this morning that its takeover offer would become unconditional this week after it secured mor... read more

A game changer

I also note the company’s takeover potential in light of DNO’s interest in Faroe. Buy. Indeed, with Trinity achieving output of 3,000 barrels of oil per day in October, and bringing on stream six new ... read more

Norway's DNO clinches Faroe Petroleum after raising hostile bid

OSLO/LONDON (Reuters) - Norwegian oil company DNO (DNO.OL) has secured control of Faroe Petroleum (FPM.L), a day after raising its hostile bid for the British company to 641.7 million pounds ($819 mil... read more

Asset valuation highlights inadequacy of DNO Offer

This independent valuation report clearly highlights the inadequacy of DNO's offer ... valuation of Faroe's assets as at an effective date of 30 September 2018, in accordance with Rule 29 of the UK Ta... read more

UPDATE: InterBulk Takeover Scheme Of Arrangement Sanctioned By Court

LONDON (Alliance News) - InterBulk Group PLC on Monday said the scheme of arrangement in relation to its takeover by Den Hartogh Holdings BV was sanctioned by the High Court of Justice in England and ... read more

The ‘Central Bank for Central Banks’ Disses Cryptocurrencies in New Report

This can cause transaction rollbacks, as happens when two miners update the distributed ledger simultaneously ... the report noted. The effective deployment of strengthened standards challenge the reg... read more

2nd UPDATE: Synergy Health Surges As It Agrees To Be Bought By Steris

LONDON (Alliance News) - Health services company Synergy Health PLC Monday saw its shares surge after it recommended a USD1.9 billion cash and shares takeover ... update, the company said revenue in t... read more

Weak U.S. factory data, Apple warning weigh on UK shares

AIM-listed ASOS (ASOS.L) was up 5.7 percent ... 13 percent to lead the gainers after a positive trading update and AIM-listed Faroe Petroleum (FPM.L) rose 4.9 percent after DNO's (DNO.OL) takeover off... read more

Gulf Keystone Petroleum Share Chat

Indeed, it may become more meaningful if major oil players start to run the rule over the company’s assets, and decide to pick up this situation at bargain basement levels. Names in the frame include ... read more

Madame Tussauds-owner Merlin warns on profit after attacks deter Britons

The stock fell up to 21 percent, wiping about 920 million pounds off ... That compares to analysts' average forecast prior to the update of 490 million pounds and 433 million pounds made in 2016. The ... read more

India's Reliance unveils fiber broadband service in 1,100 cities

MUMBAI (Reuters) - Indian conglomerate Reliance Industries unveiled a fiber broadband system and said it will extend connectivity to 1,100 cities, stepping up its push to expand ... which allowed digi... read more
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