DNO Bosses Urged Board to Reject Merger With UAE-Based Rak

摘要

The management of Norway's DNO Inter- national in May urged the company's board not to proceed with a proposed merger with its largest shareholder, the United Arab Emi- rates' privately-held Rak Petroleum. Now, in what appears a major U-turn, the deal is being supported by DNO's manage- ment and is set to be voted on by company shareholders at a Nov. 1 extraordinary gener- al meeting (EGM).