ENOC Says Offer for Dragon Oil ‘Full and Fair’
2015-06-18 13:27:32.874 GMT
By Benjamin Dow
(Bloomberg) -- ENOC’s 750p/shr all-cash bid for stock in
Dragon Oil that it doesn’t already own represents “attractive
exit opportunity” for minorities to exit, Emirates National Oil
Co. says in e-mailed statement.
* NOTE: Earlier, Baillie Gifford said bid undervalues Dragon;
said its clients hold 7.2% of Dragon shrs
* NOTE: Dragon cut to hold at Goldman, Tudor Pickering, GMP on
JUne 15; trading ~3.6% below bid
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To contact the reporter on this story:
Benjamin Dow in Moscow at +7-495-771-7735 or
bdow2@bloomberg.net
Benjamin Dow
2015-06-18 13:27:32.874 GMT
By Benjamin Dow
(Bloomberg) -- ENOC’s 750p/shr all-cash bid for stock in
Dragon Oil that it doesn’t already own represents “attractive
exit opportunity” for minorities to exit, Emirates National Oil
Co. says in e-mailed statement.
* NOTE: Earlier, Baillie Gifford said bid undervalues Dragon;
said its clients hold 7.2% of Dragon shrs
* NOTE: Dragon cut to hold at Goldman, Tudor Pickering, GMP on
JUne 15; trading ~3.6% below bid
For Related News and Information:
First Word scrolling panel: FIRST<GO>
First Word newswire: NH BFW<GO>
To contact the reporter on this story:
Benjamin Dow in Moscow at +7-495-771-7735 or
bdow2@bloomberg.net
Benjamin Dow