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Royal Dutch Shell to Take Over BG Group

Royal Dutch Shell has announced it is buying British gas producer BG group for $70 billion, giving Shell a bigger share of the natural gas market as oil prices fall. The companies put out a joint statement Wednesday urging shareholders on both sides approve the deal. Shell says the takeover will add 25 percent to its oil and gas reserves and increase production by 20 percent over 2014. Shell says the two companies together will produce financial gains of about $2.5 billion a...

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