Thinking about the structure of the deal, I wonder if it makes...

Thinking about the structure of the deal, I wonder if it makes more sense for Shell to buy the assets it wants from Arrow - tenements, power stations etc and then leave the international assets in Arrow. This avoids a significant capital gains tax bill for long term holders and enables Arrow to buy new businesses or alternatively to return the cash to shareholders. Saves all the work on a new international entity and listing as well.

Any views?