AWE hasn't questioned the legality of the offer so it could be permisable? If so, a clever play by Dawney even though IMHO it doesn't pass the 'pub test'. There are plenty of risks for shareholders accepting it with the downside for Dawney limited to upfront legals.
How long before 'copy cat' offers appear on other undervalued stocks?
Caveat venditor! (Seller beware!)
That said, Dawney does have a point re the Board's decision to reject the Lone Star offer last year.
http://en.prnasia.com/story/160105-0.shtml
DYOR
AWE hasn't questioned the legality of the offer so it could be...
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