This news is a big one guys ($500M worth), NHC put 4sale sign on its AOE investment.
Key extract from the article:
He said when his company, through a 61 per cent controlling stake in New Hope Corporation, first bought into Arrow in July 2006 the expectation was to do a full takeover.
"We are not in control of the company but it would be difficult to do something without talking to us," he said.
The takeover rumours have suggested a possible move on Arrow by Royal Dutch Shell
He said the company was not working on any deals but could act quickly if something came up.
http://www.smh.com.au/business/arrow-stake-up-for-sale-20091125-jrxm.html
anyone here, page-5
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Last
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