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Shell to buy BG Group in $69.7 billion deal
Shell agrees to acquire BG Group for 13.67 pounds per share in cash and stock, boosting reserves by about 25 percent and expanding LNG exposure with offshore assets in Australia and Brazil. The proposed takeover signals potential new wave of mega mergers as energy firms seek growth amid lower oil prices. Analysts note many oil companies face cost pressure and look to consolidation to protect margins.
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Christian Stadler
Warwick Business School
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Associated Press