Interestingly, I thought strength in the Aussie dollar was the...

Interestingly, I thought strength in the Aussie dollar was the reason deals weren't so beneficial for holders in takeovers over the past 12 months. If Shell's initial bid was in $US I cannot understand, with the aussie down 10% since the original offer (I'm assuming), that this didn't flow on to a 10% increase in company value without even a need to revise the offer.

Maybe I'm missing something...

Anyway, all we can hope for now is another bidder!