Arrow to soon respond on Shell, PetroChina offer: source

By IBTimes Staff Reporter | March 17 2010 6:31 AM

Australia Arrow Energy Ltd has opened its books to Royal Dutch Shell and PetroChina <0857.HK> for them to conduct due diligence for their joint takeover offer worth at least A$3.3 billion ($3.03 billion) sources said on Wednesday.

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One of the sources said Arrow is expected to make a response on the offer within days. ($1=1.088 Australian Dollar) (Reporting by Fayen Wong; Editing by Michael Perry)

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