AUSTRALIA

Armour takeover hits snag

AUBREY McClendon's American Energy Partners' proportional takeover of McArthur Basin-focused Armour Energy could be in trouble, with a number of conditions left unresolved – and time is running out.

Anthony Barich

The December 11 offer by AEP's Australian affiliate AEGP Australia to acquire 13.62% of Armour's ordinary shares for 25c each in cash will close on January 12, unless withdrawn - and that risk is clear...

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