FLX felix group holdings ltd

amci and white mining may take company private

  1. 1,948 Posts.
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    There is one option that could happen. The former White Mining shareholders and AMCI, held 69% of Felix stock on 30th June 2007.
    White Mining was a private Australian Company and AMCI are a private American outfit.
    Felix Resources could be taken private by an offer for the outstanding stock.
    This would then take away the pressures on the Management over a possible takeover and they could dispense with the two independent Directors.
    Deals could then be made to break-up Felix Resources without the problem of questions being raised on deals not at arms length.
 
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