Join our community of smart investors

Tullow target Capricorn Energy looking at alternative bidders

The cash-rich takeover target said despite the directors backing the merger with Tullow Oil, the board is exploring alternative transactions
September 6, 2022
  • Shareholder anger over Tullow Oil merger has been significant
  • Capricorn boss Simon Thomson said original deal still stood but other options being explored

Capricorn Energy (CNE) is talking to other suitors despite still backing the merger arrangement with Tullow Oil (TLW) that would see its hefty cash holdings used to cover the larger company's sizeable debt pile. 

This is subscriber only content
Start your trial to keep reading
PRINT AND DIGITAL trial

Get 12 weeks for £12
  • Essential access to the website and app
  • Magazine delivered every week
  • Investment ideas, tools and analysis
Have an account? Sign in