Special Situations, Content Strategist, Smartkarma

Crispin Francis

Special Situations, Content Strategist

Smartkarma

Smartkarma unites the fragmented investment industry, connecting institutional investors, independent research providers, and corporates within a single network.

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<ul><li>Anchorage has bumped their initial $0.90 offer into the fair range given by Affinity's IFA.&nbsp;</li><li>G8 has agreed to vote in favor of Anchorage's offer, subject to Anchorage announcing to ASX by no later than 10:00 am (Sydney time) on 21 September 2015, that it has sufficiently detailed binding commitments in place to fund its obligations to pay the Scheme Consideration.&nbsp;</li></ul>Essentially, G8 owns 19.89% + 4.73% = 24.62% of AFJ:<ul><li>19.89% directly held&nbsp;by G8 (5.39% G8 can vote on and AFJ's Chairman has voting proxy for the remaining 14.5%)</li><li>4.73% in which G8 have economic interest in (accepted into G8's&nbsp;takeover offers due to close on the 28 Sept 2015)</li></ul>How likely is Anchorage to get their financing commitments before the deadline? Let us take a look...

Anchorage has bumped their initial $0.90 offer into the fair range given by Affinity's IFA.&nbsp;G8 has agreed to vote in favor of Anchorage's offer, subject to Anchorage announcing to ASX by no later than 10:00 am (Sydney time) on 21 September 2015, that it has sufficiently detailed binding commitments in place to fund its obligations to pay the Scheme Consideration.&nbsp;Essentially, G8 owns 19.89% + 4.73% = 24.62% of AFJ:19.89% directly held&nbsp;by G8 (5.39% G8 can vote on and AFJ's Chairman has voting proxy for the remaining 14.5%)4.73% in which G8 have economic interest in (accepted into G8's&nbsp;takeover offers due to close on the 28 Sept 2015)How likely is Anchorage to get their financing commitments before the deadline? Let us take a look...

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