Armour revealed Tuesday it had entered into a bid implementation agreement with AEP which would see the latter offer to acquire 13.62% of each Armour shareholders shares at A$0.25 per share.
Following the completion of the proposed proportional takeover AEP will hold up to a maximum of 14.99% of Armour's shares.
Following the completion of the proposed deal, AEP will also subscribe for nearly 16.9
