Investegate |Tullow Oil PLC Announcements | Tullow Oil PLC: Tullow Oil to merge with Capricorn Energy
Investegate announcements from Tullow Oil PLC, Tullow Oil to merge with Capricorn Energy
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Investegate announcements from Tullow Oil PLC, Tullow Oil to merge with Capricorn Energy
EDINBURGH (dpa-AFX) - Tullow Oil plc (TLW.L) announced Wednesday that it has reached agreement on the terms of a recommended all-share merger of equals with Capricorn Energy PLC (CNE.L).Under the
By Ian McConnell
Tullow Oil and Capricorn Energy have reached agreement on the terms of a recommended all-share combination. The 'merger of equals' will create a leading African energy company. On completion of the Combination, Capricorn Shareholders will hold approx. 47 per cent of the Combined Group and Tullow Shareholders will hold approx. 53 per cent.