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Takeover Speculations Rise For BG Group After CEO's Surprise Exit

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April 29, 2014

BG Group Plc could become a takeover target after CEO Chris Finlayson's surprise resignation, some analysts say.

Finlayson’s sudden departure after 15 months and review of operation, investment and portfolio management plans raises questions on a possible takeover. ExxonMobil Corp. (NYSE: XOM), Royal Dutch Shell Plc (NYSE: RSD-A, RSD-B) and Chevron Corp. (NYSE: CVX) have the capacity to bid for BG, said Peter Hutton, a London-based analyst RBC Capital Markets.

ExxonMobil, Shell and Chevron have “the capacity to pursue a cash acquisition” and may need to offer a 20% premium ...

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