Will Gulf Keystone’s new owners keep faith or sell out?
The US$500mln debt to equity swap is moving to completion, but, what will the owners do about DNO's takeover approach?
Company
LON:GKP
Gulf Keystone Petroleum Ltd. (LSE: GKP) is a leading independent operator and producer in the Kurdistan Region of Iraq.
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The US$500mln debt to equity swap is moving to completion, but, what will the owners do about DNO's takeover approach?
Old King Coal is not such a merry old soul, now renewables fuel sources have overtaken it as the second-most common source of fuel used by electricity providers
In the wake of DNO's US$300mln takeover offer Gulf Keystone has told investors that 82% of bondholders have so far accepted the debt for equity proposal.
The Middle East-focused, Norwegian group DNO is proposing a cash and equity deal that would put long suffering investors out of their misery.
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Gulf Keystone cops an offer from Norway's DNO and Sierra Rutile mulls lowball Aussie approach.
On a day when the FTSE 100 shed 20 points, these were the main risers and fallers on the day
London shares closed lower on Thursday, driven south by textiles and fashion stocks who were the biggest casualty of weaker-than-forecast retail sales data, as well as low-flying airline stocks after easyJet shares fell
London shares closed near to their session highs on Monday, as overseas takeover trends excited investors
Investments and investor services
The market was encouraged by Tissue Regenix with the stock advancing 16% over the last five trading days.
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The weekly round up of oil sector news from the world of Proactive.
London stocks succumbed to selling pressure and ended Thursday lower, after investors were spooked by the Bank of England’s decision not to cut interest rates
The FTSE 100 Index fell back to stand 9.8 points ahead at 6680.23 but Ocado chatter provided interest
Investments and investor services
London's rising and falling stocks today at around 4.15pm
Shares plummeted in early deals after it announced a proposal for a US$500mln debt-to-equity restructuring.
Investments and investor services
The FTSE 100 Index fell back to stand 25.7 points ahead at 6696.1.
Current shareholders will end up with just 5% of the company, unless they back a US$25mln open offer.
Gulf Keystone, Circle Oil, Aqua Bounty Technologies, Mobile Streams, Fevertree Drinks, Torotrak, and Union Jack Oil feature in the Proactive Investors small cap highlights.