Shell-BG $70B merger gains US clearance

Royal Dutch Shell plc says that its $70 billion merger with BG Group plc has cleared its first antitrust hurdle by receiving early termination of the US antitrust waiting period from the US Federal Trade Commission.

In April, the two companies agreed on the terms of a recommended cash and share offer to be made by Shell for the entire issued and to be issued share capital of BG. The proposed deal, which remains on track to complete in early 2016, requires review and approval by relevant antitrust and regulatory authorities, and support from the shareholders of both companies.

 

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