Shell-BG Megamerger Approved by US Federal Trade Commission

Well that was quick! On Tuesday Shell announced they're received approval by the U.S. Federal Trade Commission to proceed with their buyout/takeover of BG, the former British Gas. You may recall we brought you the news about the Shell-BG deal in April, pointing out at the time the deal is mainly about LNG (see LNG Love Story: Shell Makes Play to Buy BG in $69.7B Megamerger). Getting approval from the FTC this fast is a good sign, according to Shell CEO Ben van Beurden. Shell needs to obtain approval from every country where BG does business--not just the U.S. According to Shell, they're still on track to complete the merger in "early 2016"...

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