Shell offer receives US regulatory approval for BG acquisition

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

Read the article online at: https://www.oilfieldtechnology.com/drilling-and-production/17062015/shell-offer-receives-us-regulatory-approval-for-bg-group-acquisition/