The Independent: Shell takeover speculation dismissed
16 Aug 2004
Posted 17 Aug 04
The FTSE 100 holds on to its gains, but Shell slips back from session highs after a leading broker plays down the chances of French rival Total bidding for the oil giant.
Shell, up 4p to 394.5p, slipped from a high of 397.75p after Dresdner Kleinwort Wasserstein poured cold water on a report in yesterday’s Observer suggesting the group is bracing itself for a bid from Total. Shares in Total slipped 1%.
DKW, which reiterated its add rating and 425p price target, said Shell is ‘probably too big to be swallowed’ and ‘scarcely a lame duck’, pointing out that the group has recovered most of its losses following January’s reserve downgrade.
DKW believes a merger between the two would require significant divestments and thus reduce the potential synergies and does not think a deal would be able to pass antitrust rules.
Shell and Total declined to comment on the speculation.
This website and sisters royaldutchshellplc.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.
Royal Dutch Shell conspired directly with Hitler, financed the Nazi Party, was anti-Semitic and sold out its own Dutch Jewish employees to the Nazis. Shell had a close relationship with the Nazis during and after the reign of Sir Henri Deterding, an ardent Nazi, and the founder and decades long leader of the Royal Dutch Shell Group. His burial ceremony, which had all the trappings of a state funeral, was held at his private estate in Mecklenburg, Germany. The spectacle (photographs below) included a funeral procession led by a horse drawn funeral hearse with senior Nazis officials and senior Royal Dutch Shell directors in attendance, Nazi salutes at the graveside, swastika banners on display and wreaths and personal tributes from Adolf Hitler and Reichsmarschall, Hermann Goring. Deterding was an honored associate and supporter of Hitler and a personal friend of Goring.
Deterding was the guest of Hitler during a four day summit meeting at Berchtesgaden. Sir Henri and Hitler both had ambitions on Russian oil fields. Only an honored personal guest would be rewarded with a private four day meeting at Hitler’s mountain top retreat.
IN JULY 2007, MR BILL CAMPBELL (ABOVE, A RETIRED GROUP AUDITOR OF SHELL INTERNATIONAL SENT AN EMAIL TO EVERY UK MP AND MEMBER OF THE HOUSE OF LORDS: 
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A head-cut image of Alfred Donovan (now deceased) appears courtesy of The Wall Street Journal.
