Australia shares seen rising to 2-month high

  A source on Wednesday said Arrow is expected to respond to the offer, comprising A & #36;4.45 in cash per share, plus a share in a new entity for its international business, within days. Arrow's shares have persistently traded above A & #36;5 since the Shell/PetroChina takeover offer was announced, closing at A & #36;5.25 on Wednesday.  

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