Shell Gets Green Light for $70 Billion Takeover of BG

GALWAY, IRELAND--February 1, 2016--Written by Martin Lynch, European News Editor for Industrial Info (Galway, Ireland)--A $70 billion takeover by Royal Dutch Shell plc (NYSE:RDS.A) (The Hague, Netherlands) of BG Group Plc (LSE: BG) (Reading, England) will go ahead, following resounding votes of confidence by the shareholders of both companies. The merged company will create the world's largest liquefied natural gas (LNG) trader. Within this article: Includes comments on the takeover by both BG CEO and chairman as well as statement by the European Commission. Additional companies: Chevron Corporation (NYSE:CVX), Exxon Mobil Corporation (NYSE:XOM)