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Shell to Buy BG Group for $69.6 Billion

LONDON—Petroleum hulk Royal Dutch Shell PLC has concluded to buy BG Group PLC for £47 billion ($69.6 billion) in money and shares, a latest pointer of how acrobatics appetite prices are jolt adult a tellurian oil-and-gas industry.

BG shareholders will get 383 pence in cash; and 0.4454 Shell B shares for any share held, giving them 19% of a lengthened group. The cost is a 50% reward to BG’s shutting share cost of 910.4 pence on Tuesday.

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