SHELL PIPELINE COMPANY LP ANNOUNCES OFFER FOR REMAINING UNITS OF SHELL MIDSTREAM PARTNERS, L.P.
HOUSTON, Feb. 11, 2022 /PRNewswire/ -- Shell Pipeline Company LP ("Shell") today 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. (NYSE:SHLX) ("SHLX") for $12.89 per common unit in cash. Shell and its affiliates currently own approximately 68.5% of SHLX common units. The proposed transaction simplifies the governance of the SHLX assets, reduces costs, and provides flexibility to optimize the pipeline portfolio.
The proposed transaction is subject to a num
