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    GENL — Genel Energy News Story

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    UK's Capricorn Energy jumps on $360 mln takeover deal with Genel Energy

    Picture of Genel Energy logoGenel Energy
    Today 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)
     ((Megha.Kumari@thomsonreuters.com;))

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