Remember the correction back in early feb when the market...

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.