GLOBAL MARKETS-Oil & gas mega-merger keeps stocks fizzing

April 8, 2015 8:59 AM

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LONDON, April 8 (Reuters) - Global stocks remained upbeat on Wednesday as a $70 billion mega-deal in the European oil and gas sector stoked the merger and acquisition fever that has gripped investors this week.

Shares in BG Group rose as much as 42 percent in early trade after Royal Dutch Shell agreed to pay that amount (47 billion pounds) for its smaller rival, making it the biggest deal in the sector in more than a decade.

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