AWE activist urges investors hold onto their shares for higher price - AFR
http://www.copyright link/business/...their-shares-for-higher-price-20180306-h0x33g
Some extracts:
Activist shareholder James Dunphy has urged investors in AWE to ignore the board's recommendation to accept Mitsui's 95¢ a share takeover offer, telling them the stock is worth $1.10 a share...
But some institutions have already been voting with their feet …
Regal Funds Management has sold its stake, believing it is "game over" for AWE with a "very low possibility" that a higher bid would emerge, portfolio manager Julian Barbarczy said.
Matthew Booker at Spheria Asset Management, which owns about 6.2 per cent, said that while "obviously we'd like a higher price, it looks pretty much over from our perspective"...
DYOR
- Forums
- ASX - By Stock
- Ann: Update on Mitsui takeover of AWE
AWE activist urges investors hold onto their shares for higher...
-
- There are more pages in this discussion • 3 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add AWE (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
1CG
ONE CLICK GROUP LIMITED
Mark Waller, MD
Mark Waller
MD
Previous Video
Next Video
SPONSORED BY The Market Online