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Shell, BG merger to be voted on by shareholders in Jan

by ChemOrbis Editorial Team -
  • 22/12/2015 (14:51)
According to the statements from both companies, the shareholders of Royal Dutch Shell and BG Group will reportedly vote on a proposed merger of the two companies on January 27 and 28, respectively.

Shareholder approval will be the final step of Shell’s takeover of BG, which was worth $70 billion in April at the time of the initial offer and is currently worth about $53 billion. Following the approval, the takeover could be finalized by mid-February as the delisting of shares of an acquired company normally takes around 10 working days.
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