Thanks for posting the articles. I like this quote:
“We have presented a compelling offer to Pure shareholders, including Arrow scrip which is significantly undervalued particularly if you use the BG offer for Pure as a valuation guide. We think the scrip component of Arrow’s offer is attractive to Pure shareholders both from a value and tax perspective," chief executive Nick Davies said.
What he is saying is that given the price being offered for PES ... AOE should be MUCH higher .. thus making AOE's offer for PES way more attractive. All AOE needs now is for its share price to rise dramatically (perhaps on takeover speculation) and their deal will look the best. Started happening yesterday IMHO.
Given that most deals lately have seen a 100% premium to the trading price (PES shareholders may end up with more in a bidding war) .. then its easy to see AOE's share price rising substantially or even doubling isn't it?
H
AOE Price at posting:
$2.48 Sentiment: LT Buy Disclosure: Held
