Shell has swooped to buy UK-based BG Group for £47 billion ($70 billion) in the industry’s first mega-deal since oil prices began their downward slide last year.
The Anglo-Dutch supermajor offered a mixture of cash and shares in a deal that values its smaller rival at about 1350 pence per share, representing a premium of about 52% on BG’s 90-day trading volume.
“We
