Capricorn’s NewMed merger plan runs up against strong shareholders’ opposition
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Capricorn’s NewMed merger plan runs up against strong shareholder opposition

Business & Finance

Following an announcement that the UK-based Capricorn Energy, previously known as Cairn Energy, entered into a merger agreement with Israel’s NewMed Energy, formerly known as Delek Drilling, certain shareholders have voiced their concerns over the proposed plan, as it is seen as "profoundly unfavourable."

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