LONDON, Sept 20 (Reuters) - Dragon Oil is to ask the Irish Takeover Panel to issue an ultimatum to the oil explorer's largest shareholder, Emirates National Oil Company (Enoc), to make a bid for the company or walk away, the Sunday Times said.
The newspaper said the group would request a 'put up or shut up' ruling from the panel within the next 10 days if Enoc does not come forward with an offer.
Dubai state-owned Enoc said in June it was considering making an offer at a 'modest premium' to secure control of Dragon Oil, in which it already owns 52 percent.
No one at Dragon Oil was immediately available to comment.
(Reporting by Kate Holton; Editing by Greg Mahlich) Keywords: DRAGONOIL/ (kate.holton@reuters.com; tel +44 207 542 8560; Reuters Messaging:kate.holton.reuters.com@reuters.net) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
The newspaper said the group would request a 'put up or shut up' ruling from the panel within the next 10 days if Enoc does not come forward with an offer.
Dubai state-owned Enoc said in June it was considering making an offer at a 'modest premium' to secure control of Dragon Oil, in which it already owns 52 percent.
No one at Dragon Oil was immediately available to comment.
(Reporting by Kate Holton; Editing by Greg Mahlich) Keywords: DRAGONOIL/ (kate.holton@reuters.com; tel +44 207 542 8560; Reuters Messaging:kate.holton.reuters.com@reuters.net) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
