Note also Shell have business plans that encompass twenty years as a short to medium term outlook.
It appears Arrow continue's to form an important part of their future plans.
I reckon Shell see the uncertainty of Rudd's tax as maybe playing into their hands with a larger acceptance in this uncertain climate. They probably see this whole crazy Rudd fiasco as a bonus to them. In this climate a growing proportion of even long term investors will see the value in taking the money and Dart. On the other hand with the likliood of a watering down of the tax this will go hand in glove in maintaining Arrow's appeal to Shell.
Either way it looks more than probably Arrow will end up with Shell.
AOE Price at posting:
$4.84 Sentiment: Buy Disclosure: Held