Proactive weekly oil highlights - Dragon Oil, Tomco, Falcon, Premier Oil, Tethys - Proactiveinvestors (UK):
"The Emirate National Oil Company (ENOC) dismissed the latest criticism of its valuation of Dragon Oil (LON:DGO).
It comes after Elliott Advisors, which represents shareholders with 3.3% of Dragon, joined the list of activist investors that claim ENOC’s takeover is priced too low. Along with Baillie Gifford and Setanta Asset Management, the group of dissenting shareholders now amounts to around 13% of the company.
They say ENOC’s offer does not give enough value to Dragon’s future growth potential.
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