Royal Dutch Shell's $70 Billion Deal For BG Would Create Gas Giant

April 8, 2015 3:57 PM

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A flag bearing the logo of Royal Dutch Shell flies outside the head office in The Hague, Netherlands. The energy company said Wednesday that it has agreed to buy gas producer BG Group for $70 billion.

Petroleum giant Royal Dutch Shell says it has agreed to buy the BG Group for about $70 billion in cash and shares — in what would be one of the biggest energy mergers in at least a decade.

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