Shell Shareholders Approve BG Takeover

By Markets MarketWatch Pulse

Royal Dutch Shell PLC on Wednesday won shareholder approval for its tie-up with BG Group PLC , with 83.08% of the voters expressing support. The takeover, which will be Shell's biggest acquisition to date, still needs to be approved by BG's shareholders at a meeting on Thursday. If BG gives the green light, the deal is expected to be completed on Feb. 15, Shell said in a press release. Shares of BG erased an earlier loss immediately after the announcement, but have since slipped back into negative territory, down 0.2%. Shell shares extended losses and were down 2.6%.

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