This news is a big one guys ($500M worth), NHC put 4sale sign on its AOE investment.
Key extract from the article:
He said when his company, through a 61 per cent controlling stake in New Hope Corporation, first bought into Arrow in July 2006 the expectation was to do a full takeover.
"We are not in control of the company but it would be difficult to do something without talking to us," he said.
The takeover rumours have suggested a possible move on Arrow by Royal Dutch Shell
He said the company was not working on any deals but could act quickly if something came up.
http://www.smh.com.au/business/arrow-stake-up-for-sale-20091125-jrxm.html
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Last
$4.16 |
Change
0.100(2.46%) |
Mkt cap ! $3.516B | |||
| Open | High | Low | Value | Volume |
| $4.06 | $4.17 | $4.03 | $11.48M | 2.806M |
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| No. | Vol. | Price($) |
|---|---|---|
| 3 | 5024 | $4.15 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $4.16 | 30838 | 6 |
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| NHC (ASX) Chart |