AWE activist urges investors hold onto their shares for higher...

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"...

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