Enoc fires warning shot at Dragon refuseniks - FT.com:
"Dubai’s national oil group has increased the pressure on minority investors in Dragon Oil to accept its offer to buy the UK-listed Turkmenistan-focused producer, saying the company no longer needed to pay a dividend.
The Emirates National Oil Company (Enoc) is locked in a war of words with minorities led by asset manager Baillie Gifford who believe its offer for Dragon Oil, in which it is the largest shareholder with a 54 per cent stake, is too cheap.
Last month, Dragon Oil accepted a cash bid from Enoc at 750p per share, 47 per cent above the undisturbed price, and valuing the company at £3.7bn."
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