Faroe Petroleum's board has conceded defeat in its fight against a takeover bid by Norwegian oil explorer DNO.
Norway's DNO is on track to seize control of Aberdeen-headquartered oil company Faroe Petroleum.
Norwegian oil explorer DNO has increased its offer to acquire Aberdeen-based Faroe Petroleum, as its pursuit of the North Sea firm continues.
Norwegian firm DNO has urged its takeover target, Faroe Petroleum, to provide "transparent and timely" operations updates.
Norwegian oil firm DNO said today that it had snapped up more equity in takeover target Faroe Petroleum.
Bosses at DNO have warned they will “not go away” after falling short with their hostile takeover offer for Aberdeen-headquartered oil firm Faroe Petroleum.
Bosses at Faroe Petroleum have condemned DNO for repeatedly attacking its exploration track record.
Norwegian firm DNO said this morning that its offer for Faroe Petroleum's remaining shares had become mandatory after increasing its equity to 30%.
Norwegian firm DNO has given Faroe Petroleum shareholders another two weeks to accept its takeover offer after falling short of its target.
Bosses at DNO have picked apart a report indicating its takeover bid for Faroe Petroleum was too low.
Faroe Petroleum’s future was hanging in the balance tonight after the deadline passed for a “hostile” takeover offer for the Aberdeen-headquartered oil firm.
Faroe Petroleum said today that a fresh evaluation of its portfolio highlighted the "inadequacy" of DNO's takeover bid for the firm.
Bosses at Faroe Petroleum have ordered an independent valuation of the oil firm's assets as they seek to fend off a hostile takeover attempt.
DNO has threatened to withdraw its bid to acquire Aberdeen-based Faroe Petroleum if a decision is not made by January 2.
Faroe Petroleum’s chief executive has hit out at DNO’s hostile takeover bid, saying the Norwegian firm is “not offering the right price”.
Faroe Petroleum is stepping up efforts to convince shareholders to snub a hostile takeover offer from Norwegian firm DNO.
Faroe Petroleum bosses said today that criticism aimed at them by DNO was a “tactic” to draw attention away from the Norwegian firm’s low takeover offer.
Norwegian firm DNO has taken yet another dig at the Aberdeen oil firm it is trying to acquire.
A Norwegian oil firm has raised concerns about an asset swap deal agreed by the Aberdeen company it is attempting to take over.
Bosses at Faroe Petroleum urged investors to snub a hostile takeover offer from Norwegian oil firm DNO and hold onto their shares.
A top fund manager has taken a swipe at Norwegian oil firm DNO for its £444 million proposal to buy out Faroe Petroleum.
Norwegian firm DNO's £444 million takeover bid for Aberdeen-headquartered Faroe Petroleum is "clearly a low-ball offer", analysts have said.
Norwegian oil firm DNO said today that it would make an offer to buy the remaining shares in Aberdeen-headquartered Faroe Petroleum.
Three north and north-east firms have been singled out for special praise in an annual review of the UK’s legal market.
Faroe Petroleum will participate in seven wells by the end of next year as the North Sea oil firm "ramps up" exploration activity.