Rebel investors win tax bill spat with Royal Dutch Shell; MARKET REPORT. From: The Evening Standard (London, England) | Date: September 20, 2005 | COPYRIGHT 2005 Solo Syndication Limited. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group.Copyright information

Byline: SARAH MARKS

ROYAL Dutch Shell finally capitulated to rebel minority shareholders of Royal Dutch who have been demanding a loan-note alternative allowing them to avoid massive capital gains tax bills.

UK-based investors in Royal Dutch formed themselves into a small but vocal group, persistently refusing to sell the merged entity their outstanding shares in Royal Dutch, accounting for about 1.5% of the total.

As part of an internal reorganisa...

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