Arrow May Be Seeking Higher Offer

摘要

Arrow Energy's lack of response to a takeover offer made earlier this month by Royal Dutch Shell and PetroChina has prompted speculation that the Australian coalbed methane (CBM) player is set to reject the bid unless it is sweetened. The offer, made Mar. 5, values the target at up to about A$3.7 billion (US$3.4 billion) (IOD Mar.9,p1).