Cairn Energy's Subsidiary Acquires Nautical Petroleum for $642m - Deal Analysis
Capricorn Energy Limited (Capricorn) a subsidiary of Cairn Energy PLC (Cairn), agreed to acquire Nautical Petroleum plc (Nautical), for a purchase consideration of approximately £414m ($642.36m) or £4.5 ($6.98) per share. The company will fund the acquisition cost through its existing cash resources.
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