shell's $3billion takeover of arrow

The story is on the front page of the AFR.

Shell has tabled a $3.3 billion takeover bid of Arrow Energy.

The bid was lobbed late on Friday afternoon. Word must have got out before the close of trading on Friday and esg suddenly surged.

The story says Shell joins BG in outlaying billions of dollars to snap up local coal seam gas producers.

ESG is sitting pretty in my opinion. Well done to all long term shareholders who bought more in the 60 cent range.