Zonker..I believe that if proposal is voted dwn then shell would be hesitant to walk away and force arrow to raise capital...thats the issue that prompted the TO...Shell needs gas and it either raises its offer to satisfy the majority or is back to first base again... If FIRB gives the approval for current situation and the only sticking point is $ then I believe a revised offer would be put on the table to stitch the deal..I also believe ( I am assuming it is legal to do so ) that the recent substantial holding announcements are purchases made on Shells behalf in order to reduce the % of a no vote..
Rgds Sung
AOE Price at posting:
$5.07 Sentiment: Hold Disclosure: Held
