By Nick Clark
Published: 04 December 2007
After last month’s extraordinary “deal then no deal” between Royal Dutch Shell and Regal Petroleum, the gossips were talking up the possibility of the oil major making a full bid for Regal.
Two weeks ago, Shell agreed to buy into Regal’s Ukrainian gas fields, but pulled out after the smaller company replaced its chief executive and chairman the next day. One trader said: “There is talk that Shell is back, but this time wants all of Regal. Its shares have risen and will rise further.” Shell closed down 30p at 1922p, while Regal was up 14.75p to 163p.
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It’s hapened in the past and it will happen again!
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