Faroe Petroleum to get external valuation amid DNO takeover bid
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LONDON (Reuters) - Faroe Petroleum will get its assets valued by oil consultancy Gaffney, Cline & Associates (GCA), it said on Thursday, amid a hostile takeover attempt by DNO which has called for such an independent report.The GCA report would strengthen DNO's hand if it valued Faroe at or under its 152 pence per share offer, or it could pressure it to raise its offer. Faroe has urged its shareholders to reject the offer, which valued it at around $768 million.Faroe, whose share price has..