Royal Dutch Shell Plc  .com Rotating Header Image

Bloomberg: Shell Canada Says It's Unaware of Any Buyout Intention by Shell

Bloomberg: Shell Canada Says It's Unaware of Any Buyout Intention by Shell: Tuesday 3 January 2006
Jan. 3 (Bloomberg) — Shell Canada Ltd., the country's fourth-largest oil company, said it's unaware of any intention by parent company Royal Dutch Shell Plc to buy out minority shareholders.
Shell Canada, in a statement today on Canada NewsWire, said it was issuing the advisory at the request of the Toronto Stock Exchange. The company's shares soared 9.5 percent on Dec. 30 after the Globe and Mail reported that Shell might spend C$7 billion ($6.05 billion) to buy the remainder of Shell Canada it doesn't already own.
Shares of Calgary-based Shell Canada fell C$1.57, or 3.7 percent, to C$40.48 at 1 p.m. on the Toronto Stock Exchange.
To contact the reporter on this story:
Jon Bixby in New York at [email protected].

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Comment Rules

  • Please show respect to the opinions of others no matter how seemingly far-fetched.
  • Abusive, foul language, and/or divisive comments may be deleted without notice.
  • Each blog member is allowed limited comments, as displayed above the comment box.
  • Comments must be limited to the number of words displayed above the comment box.
  • Please limit one comment after any comment posted per post.