Ann: PURE RECOMMENDS ARROW TAKEOVER OFFER , page-33

re: Ann: PES: PURE RECOMMENDS ARROW TAKEOVER ... I agree Muzza why did AOE wait until PES was $3 before launching a bid. Now they are paying way too much for PES assets. They should have just walked away and the PES SP would have collapsed back to $1. Didn't the directors learn anything from RIO

Why did the PES SP rise from $1 to $3 over the last few months when everything else was getting murdered. It "seems" that there was a leak and people in the know were buying PES.