"The Arrow Board unanimously recommends that Arrow Energy Shareholders vote in favour of both Schemes, and the Directors of Arrow Energy have each stated that they intend to vote the shares theycontrol in favour of the Schemes, in the absence of a superior proposal, and subject to the Independent Expert stating that in its opinion, the Schemes are in the best interests of Arrow Energy Shareholders."
So Arrow is proposing the scheme. Obviously, this is based on the discussions with and agreement of Shell.
Anyhow, this is my last post for the night. Off to get some zzzzzzzzz
AOE Price at posting:
$4.83 Sentiment: Hold Disclosure: Held
