BG Group plc has confirmed the receipt of anti-trust regulatory clearance from the United States Federal Trade Commission (FTC) for Royal Dutch Shell plc’s recommended cash and share offer for the company.
Announced on 8 April 2015, the FTC clearance is the first regulatory approval received for the proposed combination. The proposed transaction requires review and approval by relevant anti-trust and regulatory authorities, and support from both BG Group and Shell shareholders. BG Group and Shell have confirmed that they are well underway with the relevant anti-trust and regulatory filing processes.
Adapted from press release by Cecilia Rehn