Capricorn Energy terminated the acquisition of NewMed Energy for $620m.

Capricorn Energy, a British oil and gas exploration and development company, terminated the acquisition of NewMed Energy, an Israeli oil and gas company, for $620m. "Based on its work to date in respect of the Strategic Review and taking into consideration the views expressed by shareholders on the NewMed transaction, the board has resolved to advise shareholders to vote against the NewMed transaction," Capricorn.