DNO has improved its $396 million takeover bid for Capricorn Energy by offering $5.214 per share in cash, up from a previous offer that included a special dividend. This new all-cash offer removes the uncertainty tied to Capricorn paying a special dividend before the deal closes. The revised price is a 46% premium over Capricorn's pre-offer share price and about 10% higher than a rival bid from Genel. Capricorn's board plans to recommend the updated offer, which DNO will fund from existing cash, with completion expected by early 2027.
DNO's improved takeover bid for Capricorn Energy provides context for energy sector activity. For readers following energy stocks, here is Pluang's market snapshot as of Sep 17, 2026 23:42 WIB: Of 30 priced US energy stocks, 20 rose and 10 fell. Notable movers include LEU at USD 150.08 with a 7.96% increase and 99% sell order activity, CEG at USD 268.53 with a 3.47% rise and 89% buy order activity, and EOSE at USD 4.06 with a 3.18% gain and balanced buy/sell activity.
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