notice received -in pre-open, page-13

No conspriricy theories here. There was a huge ammount of extra Pure work needing to be finalized prior to a formal offer being taled. In the event of a bid a few months ago the offer would have been at far higher % increase on the prevailing PES share price at that time. Blind Freddie could see a further consolidation of AOE / PES and Shell.

Pay so much for PES you think ? - Have a look at the numbers and work them through a couple of years going forward - it's a steal for Arrow.

AOE Directors have again pulled off another a great deal for AOE shareholders - they have not put a foor wrong in building this business.