News: MPO Aurora Absolute says Aurora Funds Management withdrew takeover bid for Molopo Energy

Sept 12 (Reuters) - Aurora Absolute Return Fund (ABW)

• Aurora Funds Management withdrew takeover bid for Molopo energy as Molopo triggered a proposed defeating condition
• Aurora intends to make a new revised takeover bid for 100 pct of ordinary shares in Molopo at $0.135 each
• Under new bid, Molopo shareholders to be able to elect to receive bid consideration in cash or same value in AFARF units
• Price has been decreased to value of Molopo share due to transaction and operating loss, as calculated by Aurora