Shell challenges Exxon dominance with $70 billion bid for BG

LONDON (Reuters) - Royal Dutch Shell agreed to buy smaller rival BG Group for 47 billion pounds ($70 billion) in the first major energy industry merger in more than a decade, closing the gap on market leader U.S. Exxon Mobil after a plunge in prices.

from Reuters: Business News http://ift.tt/1aoM9wj