Interestingly some shareholders and the managing director of AQO who hold about 33% of AQO shares (26.43% + 6.34%) have announced that they have already accepted the revised offer of DLS without waiting MHR's or other superior offer!
Does this mean that everything is over for MHR, I am not sure.
Any ideas?
If yes, why is the hurry?
From the latest anns. of AQO.
"Since the announcement of Drillsearch’s Revised Offer, Ambassador shareholders, who collectively hold approximately 26.43% of Ambassador’s shares, have advised Ambassador that they have accepted Drillsearch’s Revised Offer. In addition, David Shaw (Non-Executive Chairman) and Guistino Guglielmo (Managing Director) of Ambassador have today accepted Drillsearch’s Revised Offer in respect of their shareholding (held directly and indirectly) representing approximately 6.34% of Ambassador’s shares."
NSE Price at posting:
16.5¢ Sentiment: None Disclosure: Not Held
AQO Price at posting:
33.0¢ Sentiment: None Disclosure: Not Held
DLS Price at posting:
$1.52 Sentiment: Buy Disclosure: Held