DNO International plans C$216.8 million offer for Calvalley Petroleum

Thu Jul 5, 2012 5:08pm EDT

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(Reuters) - Norwegian oil and gas company DNO International ASA (DNO.OL) plans to offer C$216.8 million in cash to Calvalley Petroleum Inc (CVIa.TO) to add reserves in Yemen.

DNO said it plans to offer C$2.30 per class A common share of Calgary-based Calvalley.

(Reporting by Shounak Dasgupta in Bangalore; Editing by Don Sebastian)