Shell-BG deal gets U.S. antitrust OK
Article by Jordan Blum published June 16, 2015 by The Houston Chronicle
Shell-BG deal gets U.S. antitrust OK
Federal Trade Commission decides to waive antitrust waiting period; other nations plan to examine deal
Photo: Christophe Morin /GT
Royal Dutch Shell said Tuesday that its planned $70 billion acquisition of British gas giant BG Group has cleared its only hurdle with U.S. regulators.
The deal awaits scrutiny by other nations, but the Federal Trade Commission’s decision to waive an initial antitrust period was the only U.S. action required and the deal is still on track to close in early 2016, Shell said.
Shell CEO Ben van Beurden said Tuesday in a prepared statement that the early termination of the waiting period is a “clear demonstration of the good progress” being made.
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