looks like shell takeover still on, page-23

Buddy,

good point, giving a lot of time and uncertainty to small investors who most likely will get tired of the wait for the possibility of a few extra cents/share, whereas the implications for shell on a few extra cents is much larger
scale and worth the wait. every extra share they pick up through the small shareholder (myself included) means less money they have to pay externally, even if they have to sweeten the deal again.

Time will tell, as one would think once they achieve that magical number, you will see a large drop in trading, or changes in substantial holdings announcements imo (assuming they are all on the same team...)