06:58 AM EDT, 08/07/2026 (MT Newswires) -- Genel Energy's (GENL.L) board said Friday that the unsolicited takeover proposal it rejected from DNO (DNO.OL) "fundamentally undervalues" the London-listed oil producer. Earlier on the same day, Norwegian oil and gas operator DNO presented a possible cash offer of 0.69 pound sterling per share, valuing Genel at 202 million pounds, with a cash-and-share alternative. DNO has until Sept. 4 to make a firm offer intention or walk away.

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