Antares finalises sale

Despite finalising an asset sale, Antares still trades at a large discount to its cash backing. Is this an omen or an opportunity?

Antares Energy has announced that the sale of its Permian Basin assets has been finalised. An unknown party (is it you, BHP?) has entered into a binding agreement and will pay US$300m (or $1.25 per share at today’s exchange rate) to Antares by 14 January 2014.


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