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Royal Dutch Shell - definitive terms restructuring of certain subsidiaries.
(From Chemical Business NewsBase - Press Release)
Royal Dutch Shell and Royal Dutch announced the definitive terms of, and the timetable for, the proposed restructuring that was previously announced on 20 Sep 2005. This restructuring and merger of certain subsidiaries will achieve governance, management and fiscal efficiencies for the Shell group. As part of the proposed restructuring, Royal Dutch will be merged into a subsidiary, Shell Petroleum NV (SPNV), following which the remaining minority holders of Royal Dutch will be paid EUR 52.21/Royal Dutch ordinary share held. Alternatively, eligible UK resident shareholders who so elect will be entitled to receive loan …
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