re: Ann: PES: PURE RECOMMENDS ARROW TAKEOVER ... Spot on Jake. There was a tremendous amount of proving up and other work needing to be completed by PES before any formal takeover could take place.
The big picture of AOE / PES / Shell is one of a much bigger company rather than the individual parts.
Look beyond the short term price movement of AOE which will be very short term with a lot of PES owners being AOE owners who need to sell some AOE to convert their PES options.
A great move by AOE for the long term.
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