Lone Star joins Antares register

A little known US fund manager, Lone Star Value Management, has announced its arrival as a significant shareholder of Antares Energy. Holding just over 5% of the company, Lone Star has already suggested five new members to the Antares board. Although the fund manager, a protégé of George Soros, insists he is not an activist shareholder his actions can hardly be described as those of a passive investor. A shareholder meeting will likely be called by July 20 to vote on new board nominations. Antares has responded politely, saying it is continuing to seek funding and production growth from...

A little known US fund manager, Lone Star Value Management, has announced its arrival as a significant shareholder of Antares Energy. Holding just over 5% of the company, Lone Star has already suggested five new members to the Antares board. Although the fund manager, a protégé of George Soros, insists he is not an activist shareholder his actions can hardly be described as those of a passive investor. A shareholder meeting will likely be called by July 20 to vote on new board nominations.

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