Royal Dutch Shell Plc  .com Rotating Header Image

Woodside’s Buyback Deal With Shell at Risk of Being Blocked

Screen Shot 2014-02-10 at 16.29.29Extracts from a Bloomberg News article by James Paton dated 31 July 2014

Woodside Petroleum Ltd plan to buy back shares from Royal Dutch Shell Plc for $2.7 billion is at risk of being rejected by shareholders as it falls short of the votes needed to proceed. The buyback is part of Shell’s deal last month to raise $5 billion trimming most of its 23 percent stake in Australia’s second-largest oil producer. A no vote would leave Shell with a larger, unwanted stake, and add to Woodside’s frustrations after a plan to invest as much as $2.6 billion in an Israeli gas project collapsed, according to Macquarie Group Ltd.

FULL ARTICLE

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

0 Comments on “Woodside’s Buyback Deal With Shell at Risk of Being Blocked”

Leave a Comment

%d bloggers like this: