(BFW) ENOC, Dragon Oil Reach Pact on GBP7.50 Per Share Offer


BFW 06/15 06:08 *ENOC OFFER VALUES DRAGON OIL SHRS NOT ALREADY OWNED AT GBP1.7B
BN 06/15 06:02 *ENOC OFFER VALUES DRAGON OIL PART NOT ALREADY OWNED AT GBP1.7B
BN 06/15 06:02 *ENOC OFFER VALUES OIL AT ABOUT £3.7B
BN 06/15 06:01 *ENOC, DRAGON OIL REACHED PACT ON OFFER FOR SHRS ENOC DOESNT OWN
BN 06/15 06:00 *EMIRATES NAT.OIL CO IRSH RECOMMENDED CASH OFFER FOR DRAGON OIL

ENOC, Dragon Oil Reach Pact on GBP7.50 Per Share Offer
2015-06-15 06:08:46.238 GMT


By Dara Doyle
(Bloomberg) -- Board of ENOC and independent committee of
the board of Dragon Oil reached agreement on recommended cash
offer for Dragon.

* Dragon shareholders to receive GBP7.50 in cash for each
share; valuing company at ~GBP3.7 billion
* Co’s. says offer is “substantial increase to the initial
proposal put forward in March”

Link to Statement:Link

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To contact the reporter on this story:
Dara Doyle in DUBLIN at +353-1-523-9521 or
ddoyle1@bloomberg.net
To contact the editors responsible for this story:
Heather Harris at +44-20-3525-4726 or
hharris5@bloomberg.net
Dara Doyle