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Royal Dutch Shell set to secure investor approval for BG takeover

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Screen Shot 2015-12-23 at 09.03.45“It’s fair to say most of the evidence points to them overpaying,” said a Shell shareholder. “There’s a decent chance we might vote against it. You can take a view on when oil prices are going to bounce . . . Over a 15 to 20-year timeframe, [Shell] are right, [the BG takeover] will work. But they certainly could have got it cheaper. As stewards of shareholders’ money they have to think about that.”

Another sizeable Shell shareholder threatened to vote against the deal, saying the company should renegotiate the terms.

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