I have just had a call from Lone Star regarding the voting, (Antares called a couple of days ago).
Anyway I asked them why Lone Star was interested in Antares and why they purchased the shares.
The response was that they believed Antares value could be increased and they had the expertise to facilitate that occurring, they also said they believed the share value could be in the 81c to $1.49 range.
I'm a bit sus of both Antares and Lone Star, so I'm not sure how I'll be voting.
If Lone Stars intention is to increase the share price, their holding doesn't seem large enough for the effort they are putting in. Do they plan to obtain more shares, and if so, do they plan to push the price down prior to acquiring them.
Does anyone have some insight in to the possible motivations and scenarios that could be in play?
AZZ Price at posting:
51.0¢ Sentiment: Hold Disclosure: Held