LONDON, April 8 (Reuters) - Shares of BG Group jumpedmore than 40 percent on Wednesday after Britain's third-largestenergy company by market value said it had agreed a 47billion-pound ($70 billion) takeover bid by Royal Dutch Shell.
The gain sent BG's shares back to levels not seen sincemid-2014 and also lifted shares of rival BP, up 4.5percent in early trading. Shell's A shares were down 2.2percent.
"The good price tag is set to trigger some rerating acrossthe whole sector," a Paris-based trader said. (Reporting by Lionel Laurent and Blaise Robinson; Editing byLouise Heavens)
BP (BP.)
