Royal Dutch Shell to Buy BG Group for Nearly $70 Billion - NYTimes.com

Royal Dutch Shell to Buy BG Group for Nearly $70 Billion - NYTimes.com:



"Royal Dutch Shell said on Wednesday that it had agreed to buy the BG Group for nearly $70 billion.



Shell said that it would pay for the acquisition with a mix of cash and stock. The price is a 50 percent premium to BG’s closing share price on Tuesday, Shell said. 




BG, which was once part of British Gas, is a major player in liquefied natural gas, a fuel whose use is growing fast, although prices have slumped recently. Shell has invested heavily in the L.N.G. business."



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