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 jbixby@bloomberg.net.

Last Updated: January 3, 2006 13:04 EST
 

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