There is a significant benefit to Mitsui that accrues with 100% ownership of AWE. I cannot see an outcome where they have the right to go to 100% via the Compulsory Acquisition, and they elect not to proceed with it. It just makes zero sense.
In order to get to 90%, they still face some hurdles, although the omnipresent threat of delisting, which is clearly spelt out in the Bidders Statement, is a substantial threat to all small shareholders. Seven West, on the other hand, may choose to hold out.
At this point, April 18 is the Closing Date, and I'm not sure that this date can be altered from here.
Good luck to all remaining holders.
AL
AWE Price at posting:
94.8¢ Sentiment: Sell Disclosure: Not Held
