Leads me to speculate whether Chris Finlayson was infiltrated into BG Group by Royal Dutch Shell for surreptitious purposes, including dragging the company down. If so, he appears to have done a magnificent job.
By John Donovan
BG Group has been the subject of bid speculation for a long time. e.g.
- BG Group shares rise on bid reports (BBC News Aug 2010)
- Speculation over hostile bid for BG Group (London Evening Standard Nov 2012)
- BG Exposed to Bids (Bloomberg Jan 2013)
- BG Group investors say Finlayson’s exit raises takeover prospect (FT 28 April 2014)
Extract from the FT article:
However, a top 10 shareholder said that, with BG now rudderless, it had become a prime takeover target. “It’s a green light to a potential bidder….”
ExxonMobil is identified as one such potential bidder.
According to an email I received this morning from a Shell source: “BG… reserves might also be good for Shell…”
Shell has certainly flirted with the idea many times.
Leads me to speculate whether Chris Finlayson was infiltrated into BG Group by Royal Dutch Shell for surreptitious purposes, including dragging the company down.
If so, he appears to have done a magnificent job.
UPDATE
Exxon, Shell Have Capacity for BG Bid After CEO Exit (Bloomberg News 29 April 2014)
Extract
Exxon Mobil (XOM:US) Corp., Royal Dutch Shell Plc (RDSA) and Chevron Corp. (CVX:US) have the capacity to bid for BG Group Plc (BG/) after Chief Executive Officer Chris Finlayson resigned yesterday, said RBC Capital Markets.
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