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MARKETS

Unprecedented move on AWE

A DISGRUNTLED Brisbane-based shareholder in AWE has taken the label of activist investor to a new, possibly unprecedented level, telling the company yesterday that he wants to acquire call options over up to 19.99% of AWE, apparently without offering any compensation.

Haydn Black
Unprecedented move on AWE

AWE has told its shareholders to take no action while it considers the implications of the offer, which has been structured to allow bidder Dawney & Co on-sell the option at a small profit, potentially...

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