THE WALL STREET JOURNAL/DOW JONES NEWSWIRES: FTC Clears Magellan’s $492.4M Purchase Of Shell Assets
“In June, Shell Oil Products agreed to sell its pipeline and storage assets in Texas, Oklahoma, Kansas and Colorado to Magellan for $492.4 million.”
Posted 30 Sept 04
NEW YORK — The Federal Trade Commission approved Magellan Midstream Partners L.P.’s (MMP) proposed acquisition of certain Royal Dutch/Shell Group (RD) assets, but required Magellan to divest Shell ‘s Oklahoma City terminal.
A Magellan spokeswoman said the company intends to comply with the FTC’s requirement. Magellan stores, transports and distributes refined petroleum products.
In June, Shell Oil Products agreed to sell its pipeline and storage assets in Texas, Oklahoma, Kansas and Colorado to Magellan for $492.4 million.
In order to protect competition, the FTC said in a press release Wednesday that it required Magellan to hold the Oklahoma City terminal assets separate and to maintain their viability until they can be sold.
Magellan’s New York Stock Exchange-listed shares closed Wednesday at $54.93, down 7 cents, while Royal Dutch’s NYSE-listed shares closed at $51.26, down 4 cents.
-Anjali Cordeiro; Dow Jones Newswires; 201-938-5400; [email protected]
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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.
