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BG Group shareholders give Shell takeover the nod

Thu, 28th Jan 2016 14:42

(ShareCast News) - The second set of shareholder approvals in the mammoth Shell-BG Group merger came through on Thursday, with BG Group shareholders giving it the go-ahead.Royal Dutch Shell's £35bn takeover offer is set to create the world's largest liquefied natural gas trader.A Court Meeting and General Meeting were held early in the day, with shareholders voting whether to approve the merger, and whether to pass a special resolution to implement the scheme at the General Meeting.At the Court Meeting, 99.53% of scheme shares voted to approve the scheme, while just 0.47% of scheme shares voted against it. On a shareholder basis, 87.32% of scheme shareholders approved the scheme.The voting results of the General Meeting - which were only available on a share basis - showed 99.55% of shares were voted in favour of passing the special resolution, while 0.45% voted against.Holders of shares in Royal Dutch Shell voted to approve the takeover from their side on Wednesday, with 83% voting in favour of the deal.The takeover - which had been criticised by analysts and shareholders as no longer making financial sense given the low oil price environment - was now expected to be completed on 15 February, subject to the satisfaction or waiver of certain customary conditions.At 1445 GMT, shares in BG Group were up 2.28% to 1053p. Royal Dutch Shell's A shares were up 3.45% to 1513p, while its B shares were up 3.63% to 1515p.
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2 Dec 2021 18:54

UPDATE 2-Shell scraps plans to develop Cambo North Sea oilfield

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2 Dec 2021 18:54

UPDATE 1-Shell scraps plans to develop Cambo North Sea oilfield

(Adds Siccar Point statement, background)LONDON, Dec 2 (Reuters) - Royal Dutch Shell said on Thursday it had scrapped plans to develop the Cambo North Sea oilfield, which became a lightning rod for climate activists seeking to halt Britain's devel...

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2 Dec 2021 18:54

UPDATE 3-Shell scraps plans to develop Cambo North Sea oilfield

(Adds investor comment)By Ron Bousso and Shadia NasrallaLONDON, Dec 2 (Reuters) - Royal Dutch Shell said on Thursday it had scrapped plans to develop the Cambo oilfield in the British North Sea, which became a lightning rod for climate activists s...

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2 Dec 2021 18:02

Shell and partner scrap plans to develop North Sea oilfield

LONDON, Dec 2 (Reuters) - Royal Dutch Shell and Siccar Point have decided not to go ahead with the development of the Cambo oilfield in the British North Sea due to a weak economic case, Shell said on Thursday."After comprehensive screening of the...

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2 Dec 2021 17:05

LONDON MARKET CLOSE: Stocks fall as Omicron variant fears mount

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2 Dec 2021 12:03

LONDON MARKET MIDDAY: Europe hit by Omicron but Wall Street to rebound

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2 Dec 2021 10:08

UPDATE 2-European stocks fall as Omicron worries rattle investors

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2 Dec 2021 08:31

SSE and Equinor to proceed with $4 bln Dogger Bank C offshore wind farm

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2 Dec 2021 07:03

Shell launches $1.5bn buyback from Permian sale

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1 Dec 2021 12:10

German oil lobby seeks net zero CO2 emissions by 2045

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1 Dec 2021 12:10

LONDON MARKET MIDDAY: IAG and Whitbread lead Omicron rebound

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LONDON MARKET OPEN: Omicron fears ease again but uncertainty lingers

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30 Nov 2021 17:33

UPDATE 3-U.S. security review stalls sale of Shell Texas refinery to Mexico's Pemex

(Updates with comment from congressman critical of sale)By Erwin SebaHOUSTON, Nov 30 (Reuters) - A U.S. national security review has delayed the sale of Royal Dutch Shell's controlling interest in a Texas refinery to Mexico's national oil company, ...

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