DGO.L Share News (DGO)

ENOC clears last hurdle in Dragon Oil takeover

(ShareCast News) - The Emirates National Oil Company (ENOC) said it gained approvals from enough investors to go ahead with its takeover of Dragon Oil. ENOC's takeover of Dragon Oil, in which it already had a 54% stake in, valued the Dublin and London Listed explorer at about £4bn. In a statement,

LONDON BRIEFING: Investors Await US Jobs Data; William Hill Slumps

Dragon Oil Profit Hit By Oil Price Fall, Delisting Process Begun

Dragon Oil shares up almost 10% on bigger takeover offer

(ShareCast News) - Shares in Dragon Oil were up almost a tenth after Emirates National Oil Company upped its takeover price to satisfy Dragon Oil's minority shareholders. By 1131 BST shares in Dragon Oil were up by 9.02% to 799.09p on the news of the bigger offer of 800p per share On Sunday, Enoc s

BUZZ-Dragon Oil: ENOC raises buyout offer again

** Dragon Oil up c.9 pct to high of 799p & on track for largest one-day move in over 3.5 yrs after the oil producer's majority shareholder raises buyout offer to 800p/shr and declared offer unconditional ** Emirates National Oil Co Ltd (ENOC), which owns 54 percent of Dragon Oil, achieves 2

LONDON BRIEFING: HSBC And Intertek Shares Rise On Positive Earnings

Emirates Increases Dragon Oil Offer To 800 Pence Per Share

UPDATE 1-ENOC secures support for Dragon Oil takeover with improved offer

(Adds quotes) LONDON, Aug 2 (Reuters) - Emirates National Oil Co Ltd (ENOC) on Sunday raised its takeover bid for Dragon Oil Plc to 800 pence per share, a price that won the backing of the oil producer's two largest minority shareholders. ENOC said in a statement on Sunday the incr

ENOC secures support for Dragon Oil takeover with improved offer

LONDON, Aug 2 (Reuters) - Emirates National Oil Co Ltd (ENOC) on Sunday raised their takeover bid for Dragon Oil Plc to 800 pence per share - a price which won the backing of the oil producer's two largest minority shareholders. In a statement on Sunday ENOC said the increase had won the s

LONDON BRIEFING: IHG Shares Fall Back After Starwood Talks Denied

Emirates Extends Dragon Oil Takeover Offer Until Late August

UPDATE 1-Elliott Advisors says ENOC's offer undervalues Dragon Oil

(Adds comment from ENOC, background) July 17 (Reuters) - Elliott Advisors (UK) Ltd became the latest investor in Dragon Oil Plc to say majority shareholder Emirates National Oil Co Ltd's (ENOC) takeover offer undervalued the oil producer. Elliott also said Dragon Oil could increase oi

Elliott Advisors says ENOC's offer undervalues Dragon Oil

July 17 (Reuters) - Elliott Advisors (UK) Ltd became the latest shareholder of Dragon Oil Plc to say Emirates National Oil Co Ltd's (ENOC) offer undervalued the oil producer. Elliott said Dragon Oil could increase oil production "meaningfully in excess" of the company's target of 100,000 ba

UPDATE 2-Dragon Oil's largest shareholder ENOC says no to dividend payment

* Majority stake will allow ENOC to vote against dividend * ENOC to lower Dragon Oil's near-term production target * Dragon Oil reiterated its production target on Tuesday (Adds Setanta's comments, link to Dragon Oil's Tuesday statement) By Mamidipudi Soumithri July 16

Dragon Oil's largest shareholder ENOC says no to dividend payment

July 16 (Reuters) - Oil producer Dragon Oil's largest shareholder Emirates National Oil Co Ltd (ENOC) said it would no longer support payment of dividend to shareholders, stepping up the pressure in its bid to take over the company. ENOC, which owns 54 percent of Dragon Oil, in June offere