The word on Smh is that shell will lift the bid
Arrow bid points to more mergers in the sector
http://www.smh.com.au/business/arrow-bid-points-to-more-mergers-in-the-sector-20100308-prld.html
They can lift further than we think with Petrochina on board..maybe they know they will need to offer much more and that is why the two companies are involved..?
All I know is that Arrow will not sell for a song .
Gisy
mkt says bid too low, page-14
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