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DewDiligence

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DewDiligence

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Re: DewDiligence post# 9926

Wednesday, 04/08/2015 10:26:12 AM

Wednesday, April 08, 2015 10:26:12 AM

Post# of 29416
Shell-BG.L merger is official:

http://www.wsj.com/articles/shell-to-buy-bg-group-1428473660

Royal Dutch Shell PLC has agreed to buy BG Group PLC for about $70 billion, in a deal that would create the world’s largest independent producer of liquefied natural gas amid a historic downturn in energy prices.

…Shell will pay a 50% premium to BG’s closing share price Tuesday of 910.4 pence, with the offer consisting of 383 pence in cash and 0.4454 Shell B shares, giving BG shareholders a 19% stake in the combined company. The deal is expected to close in early 2016…

In today’s trading, Shell’s class-A shares (RDS-A) are down 3% and Shell’s class-B shares (RDS-B), the ones being issued for the merger, are down 7%.

“The efficient-market hypothesis may be
the foremost piece of B.S. ever promulgated
in any area of human knowledge!”

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