Genel Energy has agreed to acquire Capricorn Energy in a recommended cash deal valuing the target at about $360 million. Genel will pay $4.74 per Capricorn share via an indirectly owned subsidiary, Genel Energy No.9. The acquisition is likely to be a meaningful catalyst for the deal names given the stated valuation.
Genel Energy has agreed to acquire Capricorn Energy in a recommended cash deal valuing the target at about $360 million. Genel will pay $4.74 per Capricorn share via an indirectly owned subsidiary, Genel Energy No.9. The acquisition is likely to be a meaningful catalyst for the deal names given the stated valuation.
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mildly positive
Sentiment Score
0.25
Ticker Sentiment
