Jamie Nimmo: 5 Jan 2016
The oil price surge made Shell’s swoop for smaller rival BG slightly more palatable for investors, despite concerns the deal could be called off. The regulatory hurdles have all been cleared, but shareholders must now give their views on the cash and shares deal, currently worth £37bn – £10bn less than when it was struck in April last year.
That was when the oil price was near $60 a barrel. It now stands at $38 a barrel, even after a 2 per cent jump yesterday.
Shell and BG’s backers vote on 27 and 28 January respectively, but the former could be forced by its own shareholders to renegotiate.
Shell’s ended 5p lower at 1,538p and BG dipped 8.1p to 976.9p, among the least affected by the global stock market rout which knocked 148.89 points or 2.4 per cent off the FTSE 100 to 6,093.43.
shellplc.website and its sister non-profit websites royaldutchshellplc.com, royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are owned by John Donovan. There is also a Wikipedia feature.
EBOOK TITLE: “SIR HENRI DETERDING AND THE NAZI HISTORY OF ROYAL DUTCH SHELL” – AVAILABLE ON AMAZON
EBOOK TITLE: “JOHN DONOVAN, SHELL’S NIGHTMARE: MY EPIC FEUD WITH THE UNSCRUPULOUS OIL GIANT ROYAL DUTCH SHELL” – AVAILABLE ON AMAZON.
EBOOK TITLE: “TOXIC FACTS ABOUT SHELL REMOVED FROM WIKIPEDIA: HOW SHELL BECAME THE MOST HATED BRAND IN THE WORLD” – AVAILABLE ON AMAZON.
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