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UK: Shell, BG shareholders to vote on merger in January

By  |  December 21, 2015

Royal Dutch Shell and BG Group shareholders are expected to vote on the merger of the two companies on Jan. 27 and 28, respectively, the firms said on Monday.

Shareholder approval is the final remaining hurdle to clear Shell’s takeover of its smaller rival, one of the largest energy deals in a decade that will create the world’s most powerful liquefied natural gas trader.

Worth $70 billion at the time of the offer in April, it is worth about $53 billion at current market valuations.

BG asked Britain’s High Court on Monday for approval to publish its scheme document and to convene the shareholder meetings, the companies said.

Full content: Yahoo! News

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