AWE revealed it had received an unsolicited indicative, conditional and non-binding proposal from Lone Star Japan Acquisitions on behalf of Lone Star Fund to acquire all of the shares in the company for a cash consideration of A$0.80 per share, a premium to its closing price of A$0.62 per share on Tuesday.
“The AWE Board has met to consider the proposal and has decided to reject it,” AWE said in a statement on Wednesday.
“The
