re: Ann: December 2010 Acquisition - Preferen... AMU is just the...

re: Ann: December 2010 Acquisition - Preferen... AMU is just the right bite size for IMP and Macquarie Capital the adviser to the whole thing. So you may well be onto something. But it would completely cloud the picture in realtion to a listing in canada. We shall see..


SYDNEY, Jan 21, 2011 (AsiaPulse via COMTEX) --
Shares in Australian oil and gas explorer Amadeus Energy Ltd (ASX:AMU) have gone into a trading halt, as the company said it had received an unsolicited proposal to buy out the company.
Amadeus said the offer, from an unnamed bidder, was "an unsolicited, conditional proposal that may result in an offer being made for all the shares in the company".
"The potential bidder requires Amadeus to keep the terms of the indicative proposals and the identity of the bidder confidential," Amadeus said.
"Amadeus and its adviser, Macquarie Capital, will progress discussions in relation to this proposal as quickly as possible and will infom the market on the outcome of those discussions as soon as reasonably practicable."
Amadeus stock closed on Thursday at 22 cents, down one cent on the day.
US-focussed Amadeus is capitalised at $A66.269 million (US$65.37 million).