AOE 0.00% $4.68 arrow energy limited

Maybe for the fact that news of a takeover appears to be...

  1. 13,667 Posts.
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    Maybe for the fact that news of a takeover appears to be confirmed and we are now aware of what price Shell offered? Also that brokers are expecting Shell to come back with a revised offer?

    "Shell is known to be interested and may return with a revised approach. Arrow is being advised by Citigroup and Australian brokers have been in the City over the past few days."

    full article below

    http://www.telegraph.co.uk/finance/newsbysector/industry/mining/6035607/Royal-Dutch-Shell-tables-1.5bn-bid-for-Australias-Arrow-Energy.html

    Just because the DOW went down doesnt mean that all stocks will move down? All the best with your top up at $3.90

 
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