Capricorn-NewMed merger scrapped


Issue 478 - 16 Feb 2023 - By James Gavin | 2 minute read

Capricorn Energy announced on 15 February that it had formally ended plans to merge with Tel Aviv Stock Exchange (Tase)-listed NewMed Energy. It represented a victory for activist investment group Palliser Capital and other shareholders that had campaigned against the planned tie-up first mooted on 29 September.

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