Royal Dutch Shell said Monday that it will abandon its dual-share structure in favor of a single class of shares to eliminate the complexity of its current system, and that it will move its tax residence from the Netherlands to the U.K., where it is incorporated.
New York-based hedge fund Third Point three weeks ago announced that it had taken a stake in the U.K.-Dutch oil-and-energy group, and called for a breakup of Shell (ticker U.K.: RDSA) into separate companies, including a legacy oil-and-gas unit and a clean energy…
