re: Ann: AOE: Arrow Recommends Acquisition By... AOE was going to have to raise 2billion to fund FL. With a market cap of under 4bill, this was deemed less desirable than selling at below "fair value".
There is no way a new entity of AOEI, AZO and BOW would have a market cap near AOE's in order to facilitate the FL development.
I just can't see this happening.
AOE need a new bid.
BOW needs to continue proving up reserves. It is small enough to have multiple "natural" buyers.
That is the beauty of BOW....no strings attached, 100% independent and own all of their blocks.
It would shock me if there were no other bidders.
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