Emirates National Oil Company bid for Dragon Oil wins support

Emirates National Oil Company (ENOC) increased its offer yesterday to buy Dragon Oil to 800 pence (1,137.3c) a share, winning support from minority owners including billionaire Paul Singer’s Elliott Advisors UK that rejected ENOC’s offer in June.

Emirates National Oil Company bid for Dragon Oil wins support
Mon, 03 Aug, 2015 - 01:00

Emirates National Oil Company (ENOC) increased its offer yesterday to buy Dragon Oil to 800 pence (1,137.3c) a share, winning support from minority owners including billionaire Paul Singer’s Elliott Advisors UK that rejected ENOC’s offer in June.

Dragon Oil, which is listed on both London and Dublin stock markets, has a large shareholding base in Ireland.

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CourtsDragon OilPlace: LondonPlace: DublinPlace: IrelandPlace: TurkmenistanPerson: Paul SingerPerson: Baillie GiffordOrganisation: Emirates National Oil CompanyOrganisation: Dragon OilOrganisation: EnocOrganisation: rsquoOrganisation: Elliott Advisors UKOrganisation: ElliottOrganisation: DragonOrganisation: Setanta Asset ManagementOrganisation: Bloomberg
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