The Royal Dutch Shell Company has agreed to buy BG Group PLC in the biggest energy deal in 10 years. The merge is worth $70 million in cash and shares. The deal will give the company a market value twice the size of Surpass Chevron Corp and BP Plc. This move comes after oil and gas companies suffered from the drop in oil prices, and could cause other energy firms to follow suit with a merger or takeover. In light of the agreement, Shell company shares are down over 3%, as it emerged that Royal Dutch Shell Plc took a $4.53 billion loan from its financial adviser Bank of America Corp in order to aid the purchase of BG Group Plc. Bank of America shares are currently trading 1.39% higher.
Stock news April 8th 2015
The Royal Dutch Shell Company has agreed to buy BG Group PLC in the biggest energy deal in 10 years. The merge is worth $70 million in cash and shares. The deal will give the company a market value twice the size of Surpass Chevron Corp and BP Plc. This move comes after oil and gas companies suffered from the drop in oil prices, and could cause other energy firms to follow suit with a merger or takeover. In light of the agreement, Shell company shares are down over 3%, as it emerged that Royal Dutch Shell Plc took a $4.53 billion loan from its financial adviser Bank of America Corp in order to aid the purchase of BG Group Plc. Bank of America shares are currently trading 1.39% higher.
Related Posts: