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Dow Jones Newswires: BG Shares Up On Renewed Shell Bid Talk

Tuesday, September 05, 2006

0804 GMT [Dow Jones] BG (BRG) +1.5% at 694p on renewed speculation in the market that Royal Dutch Shell (RDSA) may be making a bid, say traders, with one trader citing talk of a price of 800p a share. However, an analyst dismisses the talk, saying nothing has changed since the last time the story made the rounds. Shell declines to comment.

Meanwhile, 800p/share is unlikely to be a successful takeout price, adds another trader. Shell +0.1% at 1,836p, having dipped to 1,825p earlier. (IXB/AKM)

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