Finance / United States
If you would like to subscribe to Corporate Financing Week and gain instant access to this article, please click here to subscribe.
If you would like to take a trial to Corporate Financing Week please click on the trial link below.
Shell Buys Duvernay For US$5.9bn
June 2008 | Top StoriesSorry, you must be a subscriber to view this article in full. If you are a subscriber please login.
If you would like to subscribe to Corporate Financing Week and gain instant access to this article, please click here to subscribe.
If you would like to take a trial to Corporate Financing Week please click on the trial link below.
Royal 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.