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Shell Offered $2.5 Billion for Arrow Energy, Telegraph Reports

BLOOMBERG

By Claudia Carpenter

Aug. 16 (Bloomberg) — Royal Dutch Shell Plc made an A$3 billion ($2.5 billion) bid for Arrow Energy Ltd., and the talks ended “in stalemate,” the Sunday Telegraph reported, without saying where it got the information.

Shell may return with a “revised approach,” according to the newspaper.

Shell spokeswoman Catherine Aitkin in The Hague declined to comment on the report to Bloomberg News. Calls made outside business hours to the office of Gareth Quinn, a Brisbane-based spokesman for Arrow, weren’t answered. E-mailed requests for comment weren’t responded to.

To contact the reporter on this story: Claudia Carpenter in London at [email protected]

Last Updated: August 16, 2009 07:03 EDT

Bloomberg Article

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