Armour shareholders back McClendon offer

WESTSIDE Corporation has run up the white flag, conceding it cannot take control of Armour after Armour shareholders showed steely resolve in the face of a certain cash offer, preferring to take a chance on exploration upside in the Northern Territory.

02 November 2015
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WestSide said it has no interest in increasing its offer for Armour Energy even further, after previously increasing its offer from 12 cents per share to 20cps.

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