DNO offer fails to secure sufficient acceptances, moves to mandatory offer

The board of Faroe notes the announcement by DNO ASA on Jan. 3, 2019 that it has received acceptances of its unsolicited offer for the entire issued and to be issued share capital of Faroe not already owned by DNO at 152p per share in cash of 48, 986, 566 Faroe shares, representing approximately 13.1% of the existing issued share capital of Faroe. More »