PES pepper residential securities trust no. 21

AOE announced Shell agreed to finalise last payment of sale...

  1. jake0002
    6,942 Posts.
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    11/02/09
    11:19
    Post #: 4783169
    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 Price at posting: $6.70 Sentiment: None Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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