KNOC buys stake in Dana

first_img John Dunne KNOC buys stake in Dana by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastNoteabley25 Funny Notes Written By StrangersNoteableyMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBemoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comPeople-TodayWoman Files For Divorce After Seeing This PhotoPeople-Today whatsapp whatsapp State-run Korea National Oil Company said it had bought a 29.5 per cent stake in Dana Petroleum, bringing it a step nearer to success in its hostile bid for the UK-listed oil and gas explorer.KNOC said on Friday that it had bought 27.3m. Dana shares at 1,800 pence each, the price of its declared final offer.A spokesman for KNOC declined to comment on the identity of the stake sellers or whether they were shareholders who had already indicated that they would accept.However, Schroders – one of the shareholders who stands in line to accept the offer – issued a statement to say it had disposed of 10.6 million shares on Friday.In August, KNOC said it had secured non-binding letters of intent to accept the £1.67bn from around 49 percent of shareholders.It requires 75 per cent acceptances to delist Dana, with the first deadline for acceptances of the offer this Thursday, 23 September.Analysts believe the bid is likely to succeed as KNOC has refused to budge on price and no new bidder has emerged. center_img Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofTortilla Mango Cups: Recipes Worth CookingFamily ProofWhat to Know About ‘Loki’ Ahead of Disney+ Premier on June 9Family ProofCheese Crostini: Delicious Recipes Worth CookingFamily Proof Friday 17 September 2010 10:04 am Show Comments ▼ Tags: NULL Sharelast_img