July 25, 2022
Shell Midstream Partners, L.P. Investigation
We are investigating possible breaches of fiduciary duty and other violations of law by the board of directors of Shell Midstream Partners, L.P. (“Shell” or the “Company”) (NYSE: SHLX), in connection with the proposed acquisition of the Company by Shell USA, Inc. (“Shell USA”). Under the terms of the merger agreement, the Company’s unit holders will receive $15.85 in cash for each Public Common Unit of Shell common stock owned. A subsidiary of Shell USA currently owns 269,457,304 Shell common units, or approximately 68.5% of Shell common units.
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