Local Business Faroe urges shareholders to snub ‘opportunistic’ DNO bid By Mark Lammey November 27 2018, 10:09 am November 27 2018, 10:09 am Share Faroe urges shareholders to snub ‘opportunistic’ DNO bid Share via Facebook Twitter Whatsapp Messenger Linkedin Email Post link https://www.pressandjournal.co.uk/fp/business/local/1618885/faroe-urges-shareholders-to-snub-opportunistic-dno-bid/ Copy Link Photo by Faroe Petroleum Bosses at Faroe Petroleum urged investors to snub a hostile takeover offer from Norwegian oil firm DNO and hold onto their shares. Aberdeen-headquartered Faroe said the unsolicited, £444m bid was “opportunistic and substantially undervalued” Faroe. The London-listed firm encouraged shareholders to take no action. >> Read more on Energy Voice here <<
