Finance / United States
Shell Buys Duvernay For US$5.9bn
June 2008 | Top StoriesRoyal Dutch Shell announced on July 14 that it has agreed to pay US$5.9bn bid for Canadian oil and natural gas company Duvernay, in an attempt to enhance its natural gas portfolio in north America. Shell offered US$83 a share for the Calgary-based firm, propelling Duvernay shares up by US$23.59 in Toronto, the largest gain ever recorded, to close at US$82.03 on July 14.
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