Dragon Oil makes approach to Circle Oil about possible takeover bid
Dragon Oil, a Dubai-based oil exploration company, was rumoured to have approached listed Irish rival Circle Oil about a takeover bid, the Financial Times reported. The newspaper's market report section did not cite a source for the rumour.
Circle Oil’s share price closed 0.625p down at 23.24p in London yesterday, 6 March, giving the company a market capitalisation of GBP 130.9m (EUR 158.0m).
Financial Times