This is a clever ploy on the part of Shell. If the offer is accepted, they will remove the conditions on AOEI; but if the offer is not accepted, the conditions remain. A rival bidder could not give the same deal to shareholders, so would instead have to offer extra cash to the value of the removal of the AOEI condition, on top of the extra to beat the Shell cash offer.
arrow falls for higher bid - accepted, page-11
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