Arrow in Negotiations with Shell all but done deal The deal may...

Arrow in Negotiations with Shell all but done deal

The deal may be all but done with reports that Arrow are negotiation with shell.

What the negotiations are well who knows.

Out from reuters



DealZone Daily
Mar 15, 2010 05:31 EDT
DealZone Daily | energy | mergers and acquisitions
Arrow Energy says discussions with Royal Dutch Shell and PetroChina over their $3 billion joint takeover offer for the Australian group are continuing. That is despite a story in the Australian Financial Review that says Arrow is set to reject the bid as too low. Read the Reuters story here.

Also in energy, China National Offshore Oil Corp (CNOOC) is planning a joint venture with Argentina?s Bridas Energy Holdings. It will pay $3.1 billion to take a 50-percent stake in subsidiary Bridas Corporation. Incidentally, Bridas owns 40 percent in Pan American Energy ? which is 60-percent owned by oil major BP.

http://blogs.reuters.com/reuters-dealzone/2010/03/15/dealzone-daily-100/