AOE 0.00% $4.68 arrow energy limited

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  1. 10,486 Posts.
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    Buddy

    No, Shell have not made a takeover bid. They have proposed a scheme of arrangement to acquire all AOE shares (effectively is a takeover but not called one). If 75% vote in favour (by number and number of shares) all shareholders are bound by that.

    page 20 of attached document explains it

    http://www.camac.gov.au/camac/camac.nsf/byHeadline/PDFDiscussion+Papers/$file/Members_Schemes_DP_Jun08.pdf
 
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Currently unlisted public company.

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