Strategic alliance: An arrangement between two companies that have decided to share resources to undertake a specific, mutually beneficial project.
I think I read on here Itochu and AGS were in a strategic alliance, Itochu would provide the capital marketing and the know how to build a processing plant in the event AGS won back 100%. Why are they still in the picture? It looks likely they will get 14% for around 15 cents, about 7 million, what do they contribute in exchange for this sweet deal? Could you buy 15% of AGS on market for 15 cents? Farmeroscar suggests a buy back I would imagine that wouldnt be allowed while the valuation process for the Itochu shares is in process, it would be manipulation. If Itochu want Ace why not make a formal offer, its for sale. If they can buy Ace shares at the current values they would be fools not to. What are the shareholders getting for the dilution?
AGS Price at posting:
15.5¢ Sentiment: None Disclosure: Not Held