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BRIEF-Armour Energy entered bid implementation agreement with American Energy Partners LP

Published 27/10/2015, 10:42 am
© Reuters.  BRIEF-Armour Energy entered bid implementation agreement with American Energy Partners LP
AJQ
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Oct 27 (Reuters) - Armour Energy Ltd AJQ.AX :

* Entered into a bid implementation agreement with American energy partners lp

* Deal for a proportional takeover offer by American energy to acquire 13.62% of each Armour shareholders shares at A$0.25 per share

* Board of Armour unanimously recommends that shareholders accept American energy's proportional bid

* Proportional bid when combined with the AEP northern territory farmout is superior to westside's revised offer of A$0.20 per share

* The board now unanimously recommend that shareholders reject westside's revised offer

* Says dgr global ltd irrevocably agreed with American energy to vote 60.9 mln of its Armour shares amounting to 19.99% of armour's issued shares in favour of the resolutions

* Source text for Eikon ID:nASX3bnc1l

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