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Reuters beat competitors on KNOC not raising $2.6 bln Dana bid 08.24.2010 Reuters beat competitors on Aug. 24 with news that state-run Korea National Oil Corp (KNOC) does not plan to raise its $2.6 billion unsolicited offer for Dana Petroleum. Reuters doorstepped KNOC CEO at an oil meeting and had the first official comment from KNOC, quelling market speculation that it may consider such plans as Dana prepares defence strategy to get higher price from KNOC. The story was picked up by Dow Jones and forced KNOC to issue an official statement hours later to confirm media reports. Reuters Firsts will need at least flash player 9 to give you the full experience. The latest Flash player can be downloaded here	firsts across any industry Commodities & Energy Energy, metals, agricultural and environmental markets FX & Money Markets Macroeconomics, monetary policy, FX and money markets Politics & Risk Politics and political risk Equity & Derivatives Companies, sectors, M&A and the financial industry Fixed Income Sovereign and corporate debt, credit, and ratings firsts by region Americas View stories from this region Europe / Middle East / Africa View stories from this region Asia View stories from this region Emerging Markets View stories from this region

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Companies, sectors, M&A and the financial industry

Reuters beat competitors on KNOC not raising $2.6 bln Dana bid

08.24.2010

Reuters beat competitors on Aug. 24 with news that state-run Korea National Oil Corp (KNOC) does not plan to raise its $2.6 billion unsolicited offer for Dana Petroleum. Reuters doorstepped KNOC CEO at an oil meeting and had the first official comment from KNOC, quelling market speculation that it may consider such plans as Dana prepares defence strategy to get higher price from KNOC. The story was picked up by Dow Jones and forced KNOC to issue an official statement hours later to confirm media reports.

Reuters Firsts will need at least flash player 9 to give you the full experience. The latest Flash player can be downloaded here