Tudor, Pickering, Holt’s Co-President Maynard Holt and TPH International’s Chairman Martin Houston say Shell’s $70 billion acquisition of BG Group likely will not lead to a flurry of M&A activity in the energy space in the immediate term because it’s very difficult to get the buyer and seller to a great to a price, especially in a cash transaction. But, Holt said, ‘The good thing about this downturn for the M&A business is that it has reminded us that bigger can be better. For a long time, we lived in a world where bigger was not necessarily better.’ Houston said the deal is an ‘enormous strategic fit’ and it will eventually turn ‘Shell into a really, really big global gas player.’ TheStreet’s Rhonda Schaffler reports from Houston, Texas.
Subscribe to TheStreetTV on YouTube:
For more content from TheStreet visit:
Check out all our videos:
Follow TheStreet on Twitter:
Like TheStreet on Facebook:
Follow TheStreet on LinkedIn:
Follow TheStreet on Google+:
source
