{
  "id": 10401106,
  "title": "Capricorn Energy stock falls after DNO declines to raise bid",
  "url": "https://urgent.news/2026/09/28/capricorn-energy-stock-falls-after-dno-declines-to-raise-bid",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-28T08:13:01.000Z",
  "source": {
    "name": "Investing.com",
    "slug": "investing-com",
    "url": "https://www.investing.com/news/stock-market-news/capricorn-energy-stock-falls-after-dno-declines-to-raise-bid-93CH-4919517"
  },
  "original_language": "en",
  "account": "On Thursday, Capricorn Energy's shares dropped following DNO ASA's announcement that it would not raise its cash offer for the UK oil and gas company, in the face of a competing bid from Genel Energy. The Norwegian firm, along with its subsidiary DNO Bidco, stated that the terms of their final all-cash offer of $5.214 per Capricorn share will remain unchanged. DNO emphasized its disciplined approach to M&A and confirmed it would not pursue its offer through a contractual mechanism. This decision came after Genel Energy announced a higher cash offer for Capricorn on September 25, securing irrevocable commitments representing approximately 39.1% of the company's issued share capital. DNO continued to explore investment opportunities in the North Sea, the Kurdistan Region of Iraq, and other regions. The company had positive engagements with Egyptian authorities regarding its offer for Capricorn and remains actively assessing potential investments in Egypt. The competing bids for Capricorn underscore the ongoing consolidation activity within the UK oil and gas sector, with DNO's refusal to increase its offer effectively positioning Genel's higher bid as the most favorable option for Capricorn shareholders.",
  "summary": null,
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}