Monday, December 21, 2015

Shell takeover of BG Group still on track despite shareholder doubts

Falling oil prices have led to concerns that $60bn deal is overpriced but Shell expects to complete transaction early in 2016

Royal Dutch Shell is pressing ahead with its $60bn (£40bn) takeover of BG Group despite doubts among some shareholders about the deal’s viability given the falling oil price.

Shell said it intends to publish its takeover prospectus on Tuesday with the company and BG planning to hold shareholder votes on the deal in late January. Shell said the deal would complete in the first few months of 2016.

Related: Time for Shell boss to master art of renegotiation

Related: Shell to shed further 2,800 jobs after BG takeover

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from Mergers and acquisitions | The Guardian http://ift.tt/1TckoIh

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