The thread title is not quite right.
Shell have made this offer and Cove management have endorsed it, but they also endorsed Shell's original offer back in February, which was then trumped a couple of days later by PTT of Thailand.
I don't know if PTT will come back with a higher offer again, but the bidding is not officially over yet.
A quote from one of tonights articles:
"Cove said that the agreed bid brings to an end the formal sale process, and that as a result the data room which had been open to participants is now closed, though potential offerers can still launch competing bids."
from this article:
http://www.efinancialnews.com/story/2012-04-24/shell-cover-bidding-war-sale-process
cove sold, page-2
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