Genel Energy Shares Plunge After DNO Withdraws Takeover Offer
Genel Energy PLC plunged nearly 12.8% in today’s trading session after DNO ASA confirmed it would not proceed with its proposed takeover offer. The Norwegian group had offered 69 pence per share on August 7, 2026, via its subsidiary DNO Iraq AS, but cited a lack of engagement from Genel’s board and the failure to secure a regulatory extension befor…