Capricorn Energy PLC has been the target of acquisition interest from multiple entities, most notably London-based oil and gas producer Genel Energy PLC, which reached a formal agreement with Capricorn's board for a $360 million takeover bid. Additionally, Capricorn previously attracted unsolicited takeover interest and non-binding proposals from Alamadiyaf al-Masiyyah (a member of the Cafani Group), leading to extensive discussions and deadline extensions before the board ultimately backed the Genel transaction.