Oil Industry New Zealand

The stock of Chatsworth micro-turbine builder Capstone Turbine Corp. got a boost Monday for its minor role in a takeover battle being waged half a world away. Capstone has become the sweetener in a tug of war that pits two prominent oil companies against an investment group for control of New Zealand's biggest oil and gas company, which owns a nearly 10% stake in Capstone. The outcome could help erase a cloud that has tarnished Capstone's share price in recent months, analysts said.

The stock of Chatsworth micro-turbine builder Capstone Turbine Corp. got a boost Monday for its minor role in a takeover battle being waged half a world away. Capstone has become the sweetener in a tug of war that pits two prominent oil companies against an investment group for control of New Zealand's biggest oil and gas company, which owns a nearly 10% stake in Capstone. The outcome could help erase a cloud that has tarnished Capstone's share price in recent months, analysts said.