Company News 

DNO makes move for Faroe

DNO makes move for Faroe

As most North Sea watchers predicted, Norwegian oil firm DNO has made its bid for Faroe Petroleum (FPM), and the the 72 per cent of the company it doesn’t already own. The all-cash offer values Faroe at £608m, or 152p a share, and comes at a 20.8 per cent premium to the Alternative Investment Market group's undisturbed share price.

To continue reading, subscribe today

and enjoy unlimited access to the following:

  • Tips of the Week
  • Funds coverage
  • Weekly features on big investment themes
  • Trading ideas
  • Comprehensive companies coverage
  • Economic analysis
Subscribe to Investors Chronicle

Subscribe today

Full access for just £3.37 a week:

• Tips and recommendations - to beat the market 
• Portfolio clinic & Mr Bearbull - build a well-planned portfolio 
• Expert tools - track and manage investments effortlessly
• Plus free delivery to your home or office

Subscribe Now