Shell shareholders approve merger with BG Group

At Royal Dutch Shell's General Meeting held today in The Hague, shareholders approved the company's merger with BG Group. If BG’s shareholders also approve the pending merger at its shareholder meetings tomorrow, then the transaction is expected to complete on Feb. 15, subject to the satisfaction or waiver of certain customary conditions.

Once the merger is finalized, Shell will gain BG Group’s gas production and deepwater drilling businesses. Both companies are expected to lay off several thousand employees and contractors post-merger, according to various media outlets.

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