Sample Report | Old Report | Not Current

AWE (ASX:AWE) Share Analysis and Stock Report

AWE
April 24, 2018 FAT-AUS-870
0.950
Speculative
high
S

Mitsui has sung

Mitsui & Co (Mitsui) has declared its takeover offer for AWE (ASX:AWE) to be free of all conditions. With Mitsui declaring its offer unconditional, AWE shareholders who have accepted the offer will now receive the consideration. In FAT-AUS-867, we recommended participating Members who hold AWE, accept the offer. The following figure shows the location of the company’s assets:

AWE (ASX:AWE) Company Assets

Source: AWE (ASX:AWE)

On 4 April 2018, Mitsui advised the market that its offer for AWE was free of all conditions, as acceptances had reached the 50% level of the issued capital in its target. At the time of writing, Mitsui had declared a 94% interest in the share capital of AWE.

In declaring the offer unconditional, Mitsui will under the terms of its offer, and on receipt of a valid acceptance, pay the A95 cent per share consideration within seven (7) business days.

AWE (ASX:AWE) Share Price Chart

Participating Members who have lodged valid acceptances prior to 4 April 2018 will, within seven (7) business days of that date, receive the A95 cent per share consideration.

Mitsui has extended the offer period for AWE shareholders to accept its offer, to a close date of 2 May 2018.

AWE (ASX:AWE) Share Price Chart

We reiterate our recommendation that Members who hold AWE in their portfolio should immediately accept the Mitsui offer.

With Mitsui now obligated to pay the A95 cents on receiving a valid acceptance from AWE (ASX:AWE) shareholders, Fat Prophets coverage of AWE (ASX:AWE) will cease immediately.

For Fat Prophets’ current equity research and membership options, visit our Products page.

About this archived stock report

This is an archived Fat Prophets equity research stock report and share analysis. It does not constitute current investment advice, financial product advice, or a recommendation to buy, sell or hold any financial product. It is provided for historical reference only, and reflects the market conditions, company information, forecasts and opinions available at its original publication date. The information may no longer be current or applicable. Past performance is not a reliable indicator of future performance. This is general information only and does not take into account your objectives, financial situation or needs. Before acting on anything in this report, you should consider its appropriateness to your circumstances and seek advice from a licensed financial adviser.

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Stock Disclosure

ASX- Listed Australian Stocks:
29M.AU, ANN.AU, ANZ.AU, BPT.AU, BWP.AU, CKF.AU, CBA.AU, EVN.AU, FID.AU, FMG.AU, GOR.AU, GMG.AU, GNC.AU, HUB.AU, ILU.AU, IGO.AU, JHX.AU, MGR.AU, NAB.AU, PAR.AU, QBE.AU, RRL.AU, S32.AU, SBM.AU, TLS.AU, TUA.AU, WES.AU, WBC.AU, WHC.AU, XRO.AUX, AGL.AX, AMC.AX, BHP.AX, CSL.AX, DMP.AX, GDG.AX, WIRE.AX, ATOM.AX, MQG.AX, NIC.AX, NST.AX, ORI.AX, PDN.AX, RMS.AX, RPL.AX, SFR.AX, STO.AX, SUN.AX, VAU.AX, WTC.AX, WDS.AX, GMD.AX, CSC.AX, RIO.AX, GTK.AX, SPK.AX & NEM.AX

International Stocks:
BIDU.CN, 9888.CN, 1211.CN, 268.CN, 3690.HK, 1818.HK, 9618.CN, ENX.FR, BT.A.GB, GENI.GB, FRES.GB, 9988.HK, 2282.HK, 700.HK, 1128.HK, 1876.HK, 8750, 7011.T, 8306.JP, 8031.T, 8411.T, 3994.T, 7974.T, 8604.JP, 8308, 6758.JP, 8316.JP, 8331.T, JP.8308, HEM.SE, GRAB.SG, BABA.K, GOOG.US, AAPL.US, CDE.US, CPNG.K, FLTRF.L, SIL, URA, BZ.O, MSFT.US, SBSW.K, 2840.HK, TME, GDX, GDXJ.US, YUMC.K, Z.O, IMPUY & ANGPY