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The Norwegian predator abaft a artifice to wrest ascendancy of North Sea oil aggregation Faroe Petroleum has threatened to axe its takeover affairs abutting anniversary if shareholders boycott its offer.
DNO is alms Faroe’s shareholders 152p a allotment to airing abroad from the Aberdeen-based oil company, but warned that it may atom the bid if investors abort to booty up the action by 1pm abutting Wednesday.
The Norwegian oil behemothic said it could accept to blooper the action and would again be clumsy to accomplish addition comedy for the aggregation for addition twelve months beneath the City’s takeover rules.
“There can be no assurances as to DNO’s longer-term ambitions,” DNO said in a statement.
“Is it alive – or egoistic – for the Faroe…
Do You Know How Many People Show Up At Oil Company Logo – oil company logo
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