ROYAL DUTCH SHELL PLC - Shell Canada to make bid to acquire BlackRock Ventures.

PR Newswire UK Disclose, May, 2006

 
Shell Canada to make bid to acquire BlackRock Ventures 
 
Royal Dutch Shell plc welcomes Shell Canada Limited's bid to acquire of 
BlackRock Ventures Inc: 
 
Calgary, Alberta - Shell Canada Limited (TSX:SHC) and BlackRock Ventures Inc. 
(TSX-BVI) announced today that they have entered into an agreement whereby 
Shell Canada will make an all-cash offer to acquire all of the issued and 
outstanding shares of BlackRock by way of a take-over bid. The cash price will 
be $24.00 per share, valuing the transaction at approximately Cdn $2.4 billion 
on a fully-diluted basis. The offer represents a 27 per cent premium over 
Friday's closing price of $18.88 per share. 
 
"This acquisition is consistent with our growth plan, and BlackRock's assets 
are an excellent fit with our Peace River...

            
        
    
    	    
                
                
	

		

					 
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