Deal facts
- Buyer
- Bidco
- Target
- Capricorn Energy (CNE)
- Deal value
- USD 396,000,000
- Announced
- 1 September 2026
- Status
- Firm intention
- Sector
- Energy
- Country
- United Kingdom
- Consideration
- cash
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2 updates- Firm intention
Revised All-Cash Offer for Capricorn by DNO
Rule 2.7 of the Code (the “ Rule 2.7 Announcement ”), a recommended cash acquisition pursuant to which Bidco would acquire the entire issued and to be issued ordinary share capital of Capricorn for consideration of US$4.224 in cash and the right for Capricorn Shareholders to receive and retain a special dividend of US$0.99 (which was intended and expected to be declared by the Capricorn Board prio
LSE RNS - Firm intention
Recommended Cash Acquisition of Capricorn by DNO
FOR IMMEDIATE RELEASE 1 September 2026 The boards of DNO, Bidco and Capricorn are pleased to announce that they have reached agreement on the terms of a recommended cash acquisition of the entire issued and to be issued ordinary share capital of Capricorn by Bidco (the “ Acquisition ”). The Acquisition is to be effected by means of a Scottish scheme of arrangement unde
LSE RNS
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Buyer history
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