shell in takeover approach of woodside petroleum, page-17

re: costello will block any bid from shell like la maybe would not block this time
read below

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0926 [Dow Jones] STOCK CALL: UBS says Woodside (WPL.AU) "could still be
attractive" to major shareholder Shell. Says Chevron takeover of Unocal
re-ignites acquisition speculation about what oil majors might be up to.
Australian Treasurer Peter Costello blocked A$10 billion Shell bid for WPL in
2001 "but circumstances are arguably different now." Adds "if Shell were to
revisit its desire to gain control of Woodside, we believe it would be incorrect
to assume an automatic rejection from the Foreign Investment Review Board." WPL
price target A$29.85 vs last A$25.60 and Shell bid 3 years ago around A$14.20.
(IGP)