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1 year ago

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New Capricorn board scraps NewMed merger after shareholder revolt

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New Capricorn board scraps NewMed merger after shareholder revolt

British oil and gas producer Capricorn Energy pulled the plug on its planned merger with Israeli gas group NewMed Energy on Wednesday after months of shareholder pressure that also toppled Capricorn's leadership.

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New Capricorn board scraps NewMed merger after shareholder revolt

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New Capricorn board scraps NewMed merger after shareholder revolt

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