Shell Canada also announced that the Commissioner of Competition under the Competition Act (Canada) has granted Shell Canada an advance ruling certificate, which constitutes compliance with the requirements under the Competition Act (Canada). As a result, Shell Canada has now received all necessary Canadian regulatory approvals to proceed with the acquisition of BlackRock.
Shareholders are encouraged to tender their BlackRock common shares to the offer as soon as possible. The offer remains open until 1:01 a.m. (Calgary time) on June 16, 2006, unless the offer is withdrawn or extended by Shell Canada. Under the terms of the offer, BlackRock shareholders will receive $24.00 for each BlackRock common share.
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