Local Business DNO threatens to terminate bid for Faroe Petroleum By Allister Thomas December 27 2018, 10:29 am December 27 2018, 10:29 am Share DNO threatens to terminate bid for Faroe Petroleum Share via Facebook Twitter Whatsapp Messenger Linkedin Email Post link https://www.pressandjournal.co.uk/fp/business/local/1640295/dno-threatens-to-terminate-bid-for-faroe-petroleum/ Copy Link DNO has threatened to withdraw its bid to acquire Aberdeen-based Faroe Petroleum if a decision is not made by January 2. The Oslo-listed firm has made an offer of £1.52 per share, which Faroe has described as “opportunistic” and “severely undervaluing” the company. In a statement, DNO said shareholders are “encouraged to accept the offer” by 1pm on January 2, otherwise it may choose to lapse it. Read more on Energy Voice here.
