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DNO buys Faroe Petroleum for $ 780 million in cash


LONDON, November 26 (Reuters) – Norway's DNO has offered to purchase Faroe Petroleum from 152 cents per share. The company in London has a value of 607.9 million liras ($ 779.81 million), DNO & # 39; , Said on Monday.

Or The Bid Price represents a 44.8 percent premium for Faroe's 105 percentage points per share at the closing of the business on April 3, 2018, the last business day prior to the acquisition of the first share in Faroe,. Said the DNO.

Faroedis shares were closed at 125.8 on Friday, giving a 20.8% premium to the offer. ($ 1 = $ 0.7795) (Reporting by Shadia Nasralla, editing by Louise Heavens)

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