Capricorn Energy plc announced that its proposed merger with Israeli company NewMed Energy Ltd had been terminated by mutual consent. STRATEGIC REVIEW Cancellation of the plans comes less than four months after Capricorn’s previous proposals to merge with Tullow Oil also failed. Today’s news follows a strategic review of the NewMed merger plans by Capricorn’s […]
Tag: proposed merger
Capricorn stands firm on proposed NewMed merger
Capricorn Energy plc today said it remained resolute on its proposal to merge with Israeli partnership NewMed Energy Ltd. REQUISITION NOTICE The company outlined its position to shareholders in an open letter which also concerned a special dividend and the December 2022 requisition notice from Palliser Capital Master Fund Ltd. The shareholder has raised concerns […]