AJQ 0.00% 10.0¢ armour energy limited

Ann: Replacement Bidder's Statement (clean), page-41

  1. 1,987 Posts.
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    Found an interesting article with details I'd not heard before. Seems that Westside had put in an interest to farm-in with Armour but didn't eventuate.

    "WestSide chairman Cheng Ye, who is also chairman of the $4.5 billion diversified Landbridge Group, has revealed that he had has earlier farm-in discussions with Armour, however no deal was finalised and discussions were terminated.
    Spurned, Landbridge has launched its takeover offer, seeking at least 50.1% of Armour, a high hurdle considering Armour chairman Nick Mather’s DGR Global (24.64%), US fund Och-Ziff Holding Corporation (9.51%) and Mather himself control more than a third of the company."

    More in the link: (from 14/9)
    http://www.energynewspremium.net/St...n=Industry Moves&sectionsource=s74&aspdsc=yes
 
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