UK Panel Extends Saudi Bid Deadline for Capricorn Energy
The UK Takeover Panel extended the deadline for a Saudi-backed bid for Capricorn Energy to June 3. The bidder is currently finalizing its funding arrangements.
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Capricorn Energy PLC received a deadline extension until June 3 for a formal takeover offer from Saudi Arabia-based Alamadiyaf al‑Masiyyah. The United Kingdom takeover panel extended the "put up or shut up" deadline from May 6. The all-cash proposal hinges on the Cafani Group affiliate finalizing its funding arrangements before the revised cutoff.
