Shell Pipeline Company LP announces offer for remaining units ofShell Midstream Partners (SHLX)

  • May 27, 2022

POTENTIAL DEAL DETAILS

StockShell Midstream Partners, L.P.SymbolSHLX
Date Announced02/11/2022Source Press Release
TypeUnsolicited BidAcquiring Company/Person Shell USA, Inc.
Date of Confirmation: 07/25/2022Price at Confirmation: $14.55
Potential Profit: 8.66%Annualized Profit: 19.28%

Shell Pipeline Company LP announces it has made a non-binding offer to purchase all remaining common units held by the public representing limited partner interests in Shell Midstream Partners, L.P. (SHLX) for $12.89 per common unit in cash.

Update(s):

May 26, 2022: Investors in a Shell Plc pipeline affiliate say the parent company is low-balling them with a $1.6 billion offer for the stock it doesn’t already own.

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