Remember the correction back in early feb when the market suddenly realised how the hell is arrow going to come up with 2 billion dollars?? This will again happen if the offer is rejected.
The amount of Shareholder dilution required to fund their LNG aspirations would be massive.
Also the 50% back in rights available to Shell for arrows international investments meant shareholders were ever only going to receive 50% upside on success.
This clause would have had a detrimental impact on the price Arrow was ever going to receive for offloading this piece of business.
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- i hope shell get outbid
i hope shell get outbid, page-48
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