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 backingof the oil producer's two largest minority shareholders.
In a statement on Sunday ENOC said the increase had won thesupport of the required majority of Dragon oil shareholders, anddeclared the offer its best and final bid. ENOC had previouslybid 750 pence per share.
Dubai-based ENOC, which owns 54 percent of Dragon Oil, needsacceptance from another 23 percent of the company's shareholdersfor the takeover to go through. It said it had achieved 29.92percent shareholder acceptance and intended to delist the firmshortly.
The statement included endorsements from the new offer fromlarge minority shareholders Baillie Gifford and Elliott CapitalAdvisors. (Reporting by William James, editing by William Hardy)
