11:48 AM EDT, 09/04/2026 (MT Newswires) -- Genel Energy (GENL.L) said Friday its board remains confident in its strategy and prospects for long-term value creation following Norwegian oil and gas operator DNO's (DNO.OL) decision not to pursue an offer. The London-listed oil and gas producer, which previously rejected DNO's unsolicited proposal of 0.69 pound sterling per share, continues to believe that the possible offer "fundamentally undervalued" the company, its asset base, financial position and prospects. Genel Energy added that DNO's bid provided no basis for engagement.

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.