BG Group shares rise on bid reports

[Jeffersons Ghost]

BG Group shares rise on bid reports

Shares in BG Group closed 6% higher after reports that a takeover bid may be in the offing.

The reports suggest the bid would value the gas exploration and production company at almost £54bn.

As a result of the reports, BG shares had risen 61 pence to £10.89 at the close of the market in London.

Royal Dutch Shell, Exxon Mobil and Petrobas have all been reported as possible buyers of BG in the past, but no firm bids were made.

http://www.bbc.co.uk/news/business-11034885