Shell to buy BG Group in $69.7B takeover deal

April 8, 2015 7:07 AM

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Royal Dutch Shell has agreed to buy Britain's BG Group for $69.7 billion in a cash and stock takeover deal.

The deal, announced early Wednesday, would see BG Group shareholders get 383 pence (570 cents) in cash; and 0.4454 Shell B shares for each BG share. BG shareholders would own around 19% of the combined group.

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