Dana Petroleum Plc, the U.K. explorer focusing on North Sea and Africa, said it can’t recommend a 1.7 billion-pound ($2.7 billion) takeover offer from Korea National Oil Corp., which is unwilling to raise its offer.
BusinessWeek.com -- Top News, Business Week
Thu, 08/12/2010 - 12:34am
Dana Petroleum Plc, the U.K. explorer focusing on North Sea and Africa, said it can’t recommend a 1.7 billion-pound ($2.7 billion) takeover offer from Korea National Oil Corp., which is unwilling to raise its offer.