A BlockBuster deal is rocking the energy industry. Royal Dutch Shell is buying BG Group in a $70 billion dollar deal in cash and shares. Shell is paying a 50% premium for London’s BG Group. A combined company would be the world’s second largest oil and gas company. This is the latest sign of how tumbling energy prices are shaking up the global oil and gas industry. The merged company would be the world’s largest liquified natural gas firm. Royal Dutch Shell expects the buyout to close by early 2016. No major competition issues are expected. Pentair cut its profit and sales outlook, blaming the strong U.S. dollar.
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