Reuters – A British hedge fund and Royal Dutch Shell (RDSa.L: Quote, Profile, Research) reached a settlement onTuesday in a court case challenging the procedure Shell chose to buy out minority shareholders in its former Dutch parent.
The court case had threatened to delay the formal completion of the merger of the Anglo-Dutch giant’s former separately listed parents, Royal Dutch and UK-based Shell Transport & Trading Plc.
But Trafalgar Catalyst Fund and Trafalgar Volatility Fund which own 900,000 shares or 0.3 percent of the outstanding Royal Dutch minority stock, have agreed to withdraw their claims filed at the Amsterdam corporate court, their lawyer Jurjen Lemstra said.
