Antares calls general meeting

Shareholders in Antares Energy should, by now, have received notice of a general meeting to be held on July 22nd to consider proposals by minority shareholder and agitator Lone Star Value Investors. Lone Star, which owns 6% of the business, wants to appoint five board members; Antares doesn't want them. Both have written to shareholders urging their support. Lone Star says Antares has failed to translate decent assets into tangible value. Management claim that the upstart fund is attempting to steal control of the company and that management’s plan needs more time. Who should shareholders believe and what should...

Shareholders in Antares Energy should, by now, have received notice of a general meeting to be held on July 22nd to consider proposals by minority shareholder and agitator Lone Star Value Investors. Lone Star, which owns 6% of the business, wants to appoint five board members; Antares doesn't want them. Both have written to shareholders urging their support. Lone Star says Antares has failed to translate decent assets into tangible value. Management claim that the upstart fund is attempting to steal control of the company and that management’s plan needs more time. Who should shareholders believe and what should they do?

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