revised offer on the way ?

From the Business Spectator.

Sanford C. Bernstein & Co. analyst Neil Beveridge reckons Arrow might end up with a sweetened proposal, tipping that Shell and PetroChina could boost their $4.45 per share offer for the companys local assets to $5.30, taking the value of the bid to $3.9 billion, says Bloomberg.

http://www.businessspectator.com.au/bs.nsf/Article/BREAKFAST-DEALS-A-bigger-NAB-raising-pd20100310-3DSEH?OpenDocument&src=sph