Royal Dutch/Shell Group announced yesterday that its Shell Oil Co. would acquire Pennzoil-Quaker State Co. for $1.8 billion, or $22 per share, and assume $1.1 billion of Pennzoil-Quaker State's debt.
Royal Dutch Shell is a large oil company with a market capitalization of $225 billion, offering low valuation and substantial shareholder returns. The company had a strong second quarter with $13.5 ...
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