April 11, 2007, 2:33PM EST
By TOBY STERLING
AMSTERDAM, Netherlands
Royal Dutch Shell PLC said Wednesday it has offered to settle damage claims stemming from the company’s 2004 oil reserves scandal with investors outside the United States for $352.6 million (euro263.8 million) and hopes to settle with U.S. shareholders for an additional $80 million (euro60 million).
Shell general counsel Beat Hess said in a news conference that the offer to shareholders who bought stock from April 1999 to March 2004 was agreed to by major investors, subject to approval by the Amsterdam Court of Appeals.