Financial Times: Royal Dutch Shell starts trading as single company
“For the first time in its 98-year history, Royal Dutch Shell will trade today as a single, unified company in London…”:
Wednesday 20 July 2005
By Thomas Catan and Philip Stafford
FRONT PAGE – FIRST SECTION:
For the first time in its 98-year history, Royal Dutch Shell will trade today as a single, unified company in London after 91 per cent of investors in Royal Dutch agreed to tender their old shares.
The company needed 95 per cent of Dutch shareholders to agree to the offer but it was able to invoke a clause allowing approval at lower levels.
The High Court also sanctioned the scheme of arrangement yesterday, the final step before a formal listing.