LONDON, April 8 (Reuters) - Royal Dutch Shell saidon Wednesday it had agreed to buy BG Group for 47 billionpounds ($70 billion) in the first oil super-merger in a decade.
In a joint statement, the two firms said that as part of therecommended deal Shell would pay 383 pence in cash and 0.4454Shell B shares for each BG share. It said this represented apremium of around 52 percent to the 90 trading day average.
The deal will result in BG shareholders owning around 19percent of the combined group.($1 = 0.6748 pounds) (Reporting by Kate Holton; editing by Paul Sandle)