Emirates National Oil Company boosts offer for Dragon Oil - FT.com:
"Dubai’s national oil group has raised its offer to buy out minority shareholders at Dragon Oil, the Irish and UK-listed energy explorer, and secured the backing of key investors.
The Emirates National Oil Company on Sunday announced it had increased its cash offer for the 46 per cent of the Turkmenistan-focused explorer it does not already own, from 750p a share to 800p.
The offer was backed by Baillie Gifford, the asset manager, and Elliott Advisors, the UK subsidiary of US activist investor Elliott Management. These two investors had both pushed for improved deal terms from Enoc."
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