However, Total, the French national champion, could see a takeover of Shell as a fitting encore to its well-executed acquisition of Elf.

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This acquisition is part of a broader shale gas strategy for Shell, which also owns acreage in western Canada (Horn River), the Haynesville Shale, South Texas, and the Pinedale.

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After the acquisition, National Industries sought to acquire all of the assets of TSC Industries and to liquidate the corporate shell.

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