Capricorn Energy Shares Rise 1.6% Following Revised $396 Million DNO Takeover Terms

Capricorn Energy (LSE:CNE) shares rose 1.6% on Thursday after the company agreed to revised terms for a $396 million takeover offer from DNO.

Under the revised agreement, DNO will pay $5.214 in cash for each Capricorn Energy share.

The new terms replace the previous proposal, which comprised a cash payment of $4.224 per share and a dividend of $0.99 per share.

The total consideration remains $5.214 per share, with the revised structure replacing the proposed cash-and-dividend combination with an entirely cash-based payment.

The agreed changes relate to the structure of the takeover consideration rather than its total per-share value.