"It did strike me for a second that this might be a catalyst for a sweetened deal. (I mean an actually sweetened deal.)"
Hi Lucky,
Sorry to spoil your party my friend. But here we have a SoA on the table, NOT A TAKEOVER.
As such, while in a takeover a sweetener can be made at anytime without changing anything fundamentally, a sweetener by the bidding party IMO cannot be made because the bidding Company is not the party that has issued the Scheme of Arrangement to the shareholders. BOW's Board and Management did with their recommendations included.
As such the only thing that is left for us, is for the Board of BOW going to talk to Arrow and see if they can get a sweetener out of them, and then they would have to go back to the Courts seeking the approval for the SoA to be altered, and then give the same cooling period to the Investors in order that they can reconsider their position once again.
As such, we only have two chances of getting that from Arrow/Shell to increase the offer. And they are:
1) Buckley's. And
2) None.
DYOR.
Regards
BOW Price at posting:
$1.49 Sentiment: LT Buy Disclosure: Held