02 April 2007 11:17 [Source: ICIS news]
SINGAPORE (ICIS news)--Shell Group has won the right to buy out the remaining minority shareholders in its Canadian unit, after securing more than 90% of the outstanding shares in an extended offer, the Anglo-Dutch energy major said on Monday.
Combined with the 96,985,322 Shell Canada common shares taken up by Shell in its initial offer, the Hague-based company now owns 816,005,273 common shares of Shell Canada or about 98.8% of the outstanding common shares.
In October, Shell had made a C$40 per share offer for the 22% of Shell Canada it didn’t already own and in January raised this to C$45 per share.
($1 = C$1.15/€0.75)
For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.
Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
|ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index|
Asian Chemical Connections