Ann: Pure Recommends BG Group Takeover Offer , page-6

re: Ann: PES: Pure Recommends BG Group Takeov... It’s so obvious where SLE is coming from. Do you think that BG will purchase pure at an equivalent of 41c when they paid 72c P/J for QLD gas?? The fight has just begun... Shell will come in; no doubt about it, knowing how much BG wants it. At the very least they would want them to pay a premium price henceforth increasing the value of AOE/Shell combined 31% stake in Pure. It's all about evaluation. If the sector as a whole is valued today at somewhere between 70 -75c P/J Pure needs to finish somewhere in that vicinity. Remembering that 51c P/J equates to $10 per pure share. Hence, my uneducated friends, it really has just begun for both Arrow and Pure. BG and Shell are in a catch 22. If one can't have it, the other will make sure they pay premium market value. Wouldn't you? If your neighbours house sold in your street for X amount (and it was the same house as yours) wouldn't you expect to get the same amount as they did, for yours?? If not, you would certainly get a dummy bidder to push it up. In effect we are in an auction!