{"id":31029,"date":"2026-06-03T06:15:36","date_gmt":"2026-06-03T06:15:36","guid":{"rendered":"https:\/\/microvibenews.com\/?p=31029"},"modified":"2026-06-03T06:15:36","modified_gmt":"2026-06-03T06:15:36","slug":"capricorn-energy-suitor-given-new-bid-deadline-daily-business","status":"publish","type":"post","link":"https:\/\/microvibenews.com\/?p=31029","title":{"rendered":"Capricorn Energy suitor given new bid deadline \u2013 Daily Business"},"content":{"rendered":"<p><\/p>\n<div>\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/dailybusinessgroup.co.uk\/wp-content\/uploads\/2022\/01\/Capricorn-Energy.png\" alt=\"Capricorn Energy\" class=\"wp-image-126036 lazyload\"\/><img loading=\"lazy\" fetchpriority=\"high\" decoding=\"async\" width=\"794\" height=\"525\" src=\"https:\/\/dailybusinessgroup.co.uk\/wp-content\/uploads\/2022\/01\/Capricorn-Energy.png\" alt=\"Capricorn Energy\" class=\"wp-image-126036 lazyload\" srcset=\"https:\/\/dailybusinessgroup.co.uk\/wp-content\/uploads\/2022\/01\/Capricorn-Energy.png 794w, https:\/\/dailybusinessgroup.co.uk\/wp-content\/uploads\/2022\/01\/Capricorn-Energy-300x198.png 300w, https:\/\/dailybusinessgroup.co.uk\/wp-content\/uploads\/2022\/01\/Capricorn-Energy-768x508.png 768w, https:\/\/dailybusinessgroup.co.uk\/wp-content\/uploads\/2022\/01\/Capricorn-Energy-600x397.png 600w\" sizes=\"(max-width: 794px) 100vw, 794px\"\/><figcaption class=\"wp-element-caption\"><em>Capricorn Energy: subject to takeover proposal<\/em><\/figcaption><\/figure>\n<p class=\"has-medium-font-size wp-block-paragraph\">A Middle East suitor pursuing Edinburgh-based oil and gas explorer Capricorn Energy has been given more time to make its takeover intentions known.<\/p>\n<p class=\"has-medium-font-size wp-block-paragraph\">Capricorn, formerly known as Cairn Energy, announced in March that it had received unsolicited non-binding proposals regarding a potential cash offer for the firm from Saudi-owned Alamadiyaf al-Masiyyah, a member of the Cafani Group.<\/p>\n<p class=\"has-medium-font-size wp-block-paragraph\">The latest deadline, set for today, has been further extended to 1 July.<\/p>\n<p class=\"has-medium-font-size wp-block-paragraph\">The Scottish company has undergone considerable changes since being set up by former Scottish rugby international Sir Bill Gammell and is now focused on North Africa.<\/p>\n<p class=\"has-medium-font-size wp-block-paragraph\">The Capricorn board has been evaluating M&amp;A opportunities in the UK North Sea\u00a0and in the MENA region against a strict set of strategic, financial and returns criteria.<\/p>\n<p class=\"has-medium-font-size wp-block-paragraph\">Capricorn was boosted recently when a court cleared the way for the company to receive up to $5m which had been held up by a legal dispute concerning North Sea assets it once owned.<\/p>\n<p class=\"has-medium-font-size wp-block-paragraph\">Its biggest single shareholder is Palliser Capital with 13.83% of the stock, followed by Newlyn Partners with 13.6% and Morgan Stanley on 11.8%.<\/p>\n<p><!-- Simple Share Buttons Adder (8.5.5) simplesharebuttons.com -->           \t            <\/div>\n<p><script>\n!function(f,b,e,v,n,t,s)\n{if(f.fbq)return;n=f.fbq=function(){n.callMethod?\nn.callMethod.apply(n,arguments):n.queue.push(arguments)};\nif(!f._fbq)f._fbq=n;n.push=n;n.loaded=!0;n.version='2.0';\nn.queue=[];t=b.createElement(e);t.async=!0;\nt.src=v;s=b.getElementsByTagName(e)[0];\ns.parentNode.insertBefore(t,s)}(window,document,'script',\n'https:\/\/connect.facebook.net\/en_US\/fbevents.js');\n fbq('init', '1192059580980274'); \nfbq('track', 'PageView');\n<\/script>#Capricorn #Energy #suitor #bid #deadline #Daily #Business<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Capricorn Energy: subject to t&hellip; <\/p>\n","protected":false},"author":1,"featured_media":31030,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[2],"tags":[15734,1680,266,18012,15736,15735,265,8210,815,18013],"_links":{"self":[{"href":"https:\/\/microvibenews.com\/index.php?rest_route=\/wp\/v2\/posts\/31029"}],"collection":[{"href":"https:\/\/microvibenews.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/microvibenews.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/microvibenews.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/microvibenews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=31029"}],"version-history":[{"count":0,"href":"https:\/\/microvibenews.com\/index.php?rest_route=\/wp\/v2\/posts\/31029\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/microvibenews.com\/index.php?rest_route=\/wp\/v2\/media\/31030"}],"wp:attachment":[{"href":"https:\/\/microvibenews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=31029"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/microvibenews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=31029"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/microvibenews.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=31029"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}