UK's Capricorn Energy jumps on $360 mln takeover deal with Genel Energy
02/07/2026 09:00
BUZZ-UK's Capricorn Energy jumps on $360 mln takeover deal with Genel Energy ** Shares of British oil and gas producer Capricorn Energy CNE.L rose as much as 22% to 351 pence , highest since 2012
** Co says it will be acquired by Kurdistan-focused oil and gas producer Genel Energy GENL.L in a $360 million in all-cash deal
** Shares of Genel Energy up 12%
** Genel's $4.74-per-share offer represents a 33% premium to Capricorn's March 10 closing price
** CNE up ~74.4% this year, as of last close
(Reporting by Megha Kumari in Bengaluru)