Shareholder consultancy Georgeson is working to persuade minority investors in Turkmenistan-focused oil explorer Dragon Oil (DGO.I) (DGO.L) to accept ENOC's $1.9 billion buyout bid, people familiar with the matter said.
ENOC's proposal requires approval from three-quarters of Dragon's minority shareholders, but with the largest of those publicly opposing the deal, ensuring a high turnout and convincing wavering investors to agree could be crucial.
Georgeson is a so-called "proxy solicitation" firm that communicates with shareholders and looks to boost investor turnout for votes. The firm was appointed on ENOC's behalf by the Dubai refiner's broker, Goodbody, one of the people said.
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