A bit in today's West says the hiccup is a group of dissident shareholders who have raised concerns over "deficiencies and anomalies" in the experts report prepared on Lonestar by STXRA. The values STXRA puts on Lonestar properties and its independence has been questioned. Apparently there is significant opposition to the deal outside of the Board and Wyllie group (which holds 11.8% of AMU), but votes were 'overwhelmingly' in favour of the deal. Maybe what they should do is take the $13 M out, give it to AMU shareholders, then let the deal progress...
AMU Price at posting:
20.5¢ Sentiment: None Disclosure: Held