PES pepper residential securities trust no. 21

i may have jumped the gun suggesting that Shell accepted on...

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    i may have jumped the gun suggesting that Shell accepted on Fiday.
    According to the Shell Notice of Sub shareholding on 8 Oct 2008, Shell had 13,886,823 shares.
    The BG notice this morning only shows an increase in BG holding of 12,291,961 shares.
    One would assume Shell would sell the lot in one hit, so I reckon the change in s/h does not reflect the SHell acceptance yet.

    Those 12.291m shares probably belong to the hedge funds?

    Once Shell accepts today, that will give BG about 65%.

    BG almost certainly will extend the Offer this evening.
    I don't think Shell will play brinksmanship.
 
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