Supplementary documents published for the US $436 million increased recommended cash acquisition of Capricorn Energy by Genel Energy
October 2026
On 2 July 2026, the board of directors of each of Genel Energy No.9 Limited and the Company announced that they had reached agreement on the terms of a recommended acquisition by Bidco of the entire issued and to be issued share capital of the Company.
Following the announcement of a competing offer for the Company by DNO Bidco AS on 1 September 2026 (as revised on 17 September 2026), Genel approached the Company with an increased proposal and on 25 September 2026, an announcement was made regarding an increased offer from Bidco to acquire the entire issued and to be issued share capital of the Company which has been recommended by the Capricorn Board.
On 28 September 2026, DNO ASA and DNO Bidco AS released an announcement stating that the terms of the DNO Offer were final and would not be increased. DNO also confirmed that it would not elect to implement its offer by means of a contractual offer.
Publication of Supplementary Documents
The Perivan shareholder communications team was delighted to work again with Ashurst Perkins Coie who acted as Legal Adviser to Capricorn Energy on the supplementary documents, which were successfully published and posted to qualifying shareholders on 9 October 2026.
For further information, click here.
Perivan specialise in producing and publishing financial documents relating to shareholder and investor communications for quoted companies and are a market leader for the production of documentation relating to Mergers & Acquisitions.