What are the chances that Shell will cut back its offer of $4.70 per share after the proposed KRudd mine tax?
Peabody have just cut back their offer on Macarthur Coal from A$16 per share to A$15 per share becuase of the mine Tax.
http://www.bloomberg.com/apps/news?pid=20601012&sid=apmiwDrZVK_s