AOE announced Shell agreed to finalise last payment of sale agreement.
i think Shell has released the money earlier than planned, because it says that Shell will retain US$50m until transfers are registered - so original deal not fully completed.
A$212m means AOE can find another $1.70 cash per PES share?
Current AOE offer is worth $5.91 per PES share based on AOE at $2.66.
So if AOE added say $1.50 cash extra it would well beat BG offer.
PES
pepper residential securities trust no. 21
