Mr Millner said when his company, through a 61 per cent controlling stake in New Hope Corporation, first bought into Arrow in 2006 the expectation was to do a full takeover. ''We bought a 19.9 per cent stake in Arrow at 58c a share because we thought it would be an attractive investment and would create a new arm of business for New Hope.''
These guys prob not fussed if the deal gets done at current levels. They have brained it either way. That said they know the business and will not let it go on the cheap.
AOE Price at posting:
$5.23 Sentiment: LT Buy Disclosure: Held
