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SHELL TEXACO MERGER HITCH?

Extract from the ebook “John Donovan, Shell’s Nightmare” (now available on Amazon websites globally)

(BACKGROUND INFORMATION ABOUT SHELL’S EPIC 25 YEAR FEUD WITH JOHN DONOVAN – which puts the extracts below in overall context.)

Extract from page 55

The main Smart litigation was so long drawn out and intensely reported that it was said to have scuppered a merger deal between Shell and Texaco.

Extracts from a related magazine article dated July/August 1999 (the linked file also contains a salient letter circulated by Shell to Shell retailers):

One ex-Shell employee said, “This has been an on-going saga for so long now, one could reasonably assume that the action had become a fly in the ointment for any potential deal. From the language of the statements it does seem that Shell has wanted to draw a line under this action and secure the future of Smart. This could now pave the way for a merger, and Texaco would be the likely candidate.” The recent fluctuations in the oil price and the need to rationalise and cut costs across major markets has led oil giants into increasingly ambitious partnerships.

Shell’s proposed merger with Texaco was halted last year. Uncertainty over the long-term legal ownership of the Smart concept would certainly be a barrier to such a deal.

Extract from the John Donovan ebook end.

RELATED

While the dramatic cross-examination of Shell executive AJL was in progress and reaching a climax, Shell suddenly settled the high court litigation brought by John Donovan in relation to SHELL SMART and related libel actions. Shell paid all legal costs said to be over £1 million pounds and John Donovan received a secret payment as part of the settlement, the full terms of which were deliberately withheld by Shell from the Judge, the late Mr Justice Laddie. The judge made comments at the end of the trial unaware of the full terms of settlement, a fact later confirmed to John Donovan in writing by Shell Legal Director Richard Wiseman, now retired. The comments made by the judge later triggered a repudiation of the settlement by Shell.

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John Donovan, Shell’s nightmare: Süddeutsche Zeitung article

GERMAN TV: John Donovan’s revelations cost Shell billions

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John Donovan, Group Chairman, Royal Dutch Shell PLC companies

Donovan family relationship with Shell

Long association with the Royal Dutch Shell

Since the 1990s, Shell has been at war with John Donovan

An unscrupulous Shell executive

SHELL PROJECT HERCULES RIGGED TENDER PROCESS

Secret Shell Writ Losses

Shell caught red-handed in Make Money deception

Donovan Defamation Actions Against Shell

Shell in legal row over Smart Card

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SHELL DEFAMATION PROCEEDINGS AGAINST SHELL WHISTLEBLOWER DR JOHN HUONG 

399 Former Shell Malaysia Employees Sued Shell for Misappropriation of Retirement Funds

Don Marketing posts legal warning about Shell

Bombarded by threats from Shell

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnews.net and cybergriping.com are all owned by John Donovan

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