arrow falls for higher bid - accepted, page-45

This stock was 30 cents in November 2005 so I guess long termers have done OK even if the offer price accepted by Management was less than anticipated, particularly in view of the fact that AOE only fell to a low around $1.80 when there was absolute mayhem and panic during the 2008 GFC.

The takeover price could have been much worse, as at least
shareholders are being offered some sort of premium unlike what happened to shareholders in Bolnisi Gold a few years ago when they were taken over in a scrip bid under the guise of a merger by Coeur D'Alene with Management presenting a signed, sealed and delivered deal to the market with onerous break clauses. Of course BSG no longer exists and head office is overseas.