Tullow Oil says sticking to Capricorn merger plans

📆 14/09/2022 07:37:00
📰 RTEbusiness

⏱ Reading Time:
12 sec. here
2 min. at publisher
📊 Quality Score:
News: 8%
Publisher: 61%

Brasil Notícia Notícia

Tullow Oil has reiterated its guidance for full-year free cash flow of $200m at an oil price of $95 a barrel after recording $205m negative cash flow in the first half after an acquisition and an arbitration payment.

Capricorn's board supports the merger, but the group also said last week it was exploring alternative deals after unnamed parties expressed interest.

The deal requires approval from at least 75% of Capricorn shareholders, a threshold that might be in jeopardy if hedge fund investors who have been critical of the deal turn their derivative investments into direct shareholdings.

Escrever Comentário

Resumimos esta notícia para que você possa lê-la rapidamente. Se você se interessou pela notícia, pode ler o texto completo aqui. Consulte Mais informação:

Brasil Últimas Notícias, Brasil Manchetes

Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.

Entire business campus at Swords on market for €50mThe 19-acre site, which could also be used for residential subject to planning permission, is near a planned Metro station, has upgraded its green credentials and is intensively landscaped for biodiversity
Fonte: businessposthq - 🏆 8. / 71 Consulte Mais informação »