Royal Dutch Shell in Talks for BG Group, a Gas Producer
johArticle by STANLEY REED and MICHAEL J. de la MERCED PUBLISHED APRIL 8, 2015 BY THE NEW YORK TIMES
Royal Dutch Shell in Talks for BG Group, a Gas Producer
“That calculus could change if Shell and BG merge. A deal of this size could inspire some wavering would-be sellers to pursue deals. Advisers say that they expect mergers activity to pick up this year, mostly once oil prices show more signs of stability.”
LONDON — The British oil and gas producer BG Group said on Tuesday that it was in advanced discussions with Royal Dutch Shell over a potential sale. A deal could top $50 billion.
Still, two people briefed on the matter said that an agreement could be announced soon. A Shell spokesman, Andy Norman, declined to comment.
BG has a market value of $46 billion. Its shares rose about 6.7 percent in London trading on Tuesday.
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