{"id":797,"date":"2026-07-24T22:56:43","date_gmt":"2026-07-24T22:56:43","guid":{"rendered":"https:\/\/www.vaultinsider.top\/?p=797"},"modified":"2026-07-24T22:56:43","modified_gmt":"2026-07-24T22:56:43","slug":"capricorn-suitors-given-new-deadline-for-offers-daily-business","status":"publish","type":"post","link":"https:\/\/www.vaultinsider.top\/?p=797","title":{"rendered":"Capricorn suitors given new deadline for offers \u2013 Daily Business"},"content":{"rendered":"

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\"Capricorn\"Capricorn
Capricorn Energy is in demand<\/em><\/figcaption><\/figure>\n

Capricorn Energy\u2019s rival suitors have been given a deadline by the Takeover Panel for making their intentions known.<\/p>\n

The panel has ruled that Saudi invetment group Alamadiyaf al-Masiyyah and Samos must announce by 5pm on 11 August, whether they intend to make a firm offer for the Edinburgh-based oil and gas explorer whose principal interests are in north Africa.<\/p>\n

Samos Energy is a special situations investor in energy assets pursuing asset acquisitions and financings across the sector.<\/p>\n

The London-headquartered group has a portfolio of oil and gas assets in Thailand, Vietnam and Malaysia.<\/p>\n

The Samos proposal is worth 381p per share and values the company at $360m, an identical price to an offer from from Kurdistan, Iraq-focused peer\u00a0Genel Energy, as announced on 2 July.<\/p>\n

The deadline for Alamadiyaf al-Masiyyah and Samos is seven days before Capricorn\u2019s shareholder meeting on 18 August to approve the recommended all-cash acquisition by Genel Energy. <\/p>\n

All parties have accepted today\u2019s ruling.<\/p>\n

Capricorn was founded as Cairn Energy by former Scottish rugby international Bill Gammell. Its biggest single shareholder is Palliser Capital with 13.83% of the stock, followed by Newlyn Partners with 13.6% and Morgan Stanley on 11.8%.<\/p>\n

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