Barrett Resources postpones shareholders meeting

Barrett Resources Corp., Denver, has postponed its shareholders' meeting, originally scheduled for May 3, while it resists a takeover attempt by Royal Dutch/Shell Group's wholly owned unit Shell Oil Co., which offered $55/share for Barrett. In rejecting the Shell bid, Barrett said it would seek competing bids.


By the OGJ Online Staff

HOUSTON, Apr. 19 -- Barrett Resources Corp., Denver, has postponed its shareholders meeting, originally scheduled for May 3, while it resists a takeover attempt by Royal Dutch/Shell Group's wholly owned unit Shell Oil Co.

Shell has offered $55/share for Barrett. In rejecting the Shell bid, Barrett said it would seek competing bids.

In a brief news release Thursday, Barrett said a new date had not been set for the shareholders meeting.

Barrett's assets are primarily in Colorado, Wyoming, Utah, Kansas, Oklahoma, New Mexico, Texas, and the Gulf of Mexico.

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