Shell wins investor approval to buy BG, sealing biggest deal

With shareholder approval, Royal Dutch Shell Plc (NYSE: RDS.A) has the go ahead for its purchase of United Kingdom-based BG Group Plc (LON: BG).

The company stated Wednesday more than 83 percent of shareholders voted in favor of the deal, which is scheduled to go through a vote of BG’s investors today and final court approval before the deal closes in mid-February, according to Bloomberg Business.

The transaction, which was valued at $70 billion when Shell made its bid in April, has since shrunk to $51 billion amid the oil industry’s recent slump.

Read more from Bloomberg Business.