Local Business DNO extends Faroe takeover offer after missing target By Mark Lammey January 3 2019, 8:15 am January 3 2019, 8:15 am Share DNO extends Faroe takeover offer after missing target Share via Facebook Twitter Whatsapp Messenger Linkedin Email Post link https://www.pressandjournal.co.uk/fp/business/local/1643605/dno-extends-faroe-takeover-offer-after-missing-target/ Copy Link DNO may choose to "lapse" the offer if it is not accepted by January 2nd. Norwegian firm DNO has given Faroe Petroleum shareholders another two weeks to accept its takeover offer after falling short of its target. Olso-based DNO, which currently owns 29.9% of Faroe, set a closing date of 1pm on January 2 for investors to part with their shares. The offer was conditional on DNO securing enough acceptances to take its equity in Aberdeen-headquartered Faroe to 57.5%. >>To read more on Energy Voice, click here<<
