LONDON — Anglo-Dutch oil and gas company Royal Dutch Shell agreed Wednesday to buy Britain's BG Group in a $70 billion cash and stock deal that creates a massive European energy giant in one of the biggest deals for the sector in a decade or more.
The deal, which still needs to be approved by both firms' shareholders, will see BG Group shareholders get 383 pence ($5.70) in cash, plus 0.4454 Shell B shares for each BG share.
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