Royal Dutch sweetens Shell Canada bid
Company adds another C$1 billion to offer for minority shares; Jan. 23 C$45 per share offer replaces earlier offer of C$40 per share
For Petroleum News
Three months after putting C$7.7 billion on the table, Royal Dutch Shell caved in to mounting pressure by adding another C$1 billion to its bid for the minority shares of Shell Canada, a 12.5 percent increase that falls short of 15 to 20 percent being demanded by some minority shareholders.
[additional news subjects in this story]
Company hasnít satisfied minority investors
Compelling reason for gaining ownership
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