Shell 'Welcomes Open Dialogue' With Third Point and Others
October 27 2021 - 3:40PM
Dow Jones News
By Josh Beckerman
Royal Dutch Shell PLC said it "welcomes open dialogue with all
shareholders" including Third Point LLC and "regularly reviews and
evaluates" its strategy.
Shell said its investor relations team "has had preliminary
conversations with Third Point and we will engage with them, as we
do with all of our shareholders."
The company noted that its Energy Transition strategy received
89% support from shareholders at its annual meeting.
The Wall Street Journal reported Wednesday that Third Point has
a stake worth well over $500 million and wants Shell to separate
into two companies, with one that would include legacy operations
and another that would include renewables and other businesses
requiring substantial investment.
Write to Josh Beckerman at josh.beckerman@wsj.com
(END) Dow Jones Newswires
October 27, 2021 15:25 ET (19:25 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.
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