BLOOMBERG The Pulse April 8, 2015
Im guy johnson. Francine lacqua is off today. We begin with the mega oil deal. Shell has agreed to buy bg group for around 47 billion pounds around 70 billion in cash and stocks. That makes it the biggest deal in the oil and gas industry for at least a decade. Caroline hyde joins us at the touchscreen. Caroline a cool 47 billion pounds. A cool 50 premium on bgs share price. This is record data in terms of size of move, but if you go back, it is only since july 2014 when we last saw this price on bg group. That was the amount that the oil prices plummeted dragging down the price of oil stocks. ...