Based off the current market cap I can only see her moving upwards if Shell are really serious about this takeover. Monday will be interesting.
Dont we still hold around 400 million in cash also? What value is being placed on international assets? Crazy bid. They are more than likely letting Arrow management know what their plans are.
Sounds just like the days when Shell attempted to take out WPL with a low ball bid. Lets see if they learn from their mistakes.
AOE Price at posting:
$4.30 Sentiment: LT Buy Disclosure: Held