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March 18, 2010

BG Shares Rise on Takeover Rumours

Shares in British gas producer BG Group have risen following market talk about ExxonMobil's interest in the company, traders said. Although both companies have yet to make a comment on the rumours, traders also said that Indian explorer Oil and Natural Gas Corp could also make a bid fo

By cms admin

Shares in British gas producer BG Group have risen following market talk about ExxonMobil’s interest in the company, traders said.

Although both companies have yet to make a comment on the rumours, traders also said that Indian explorer Oil and Natural Gas Corp could also make a bid for BG Group, Reuters reports.

About 4 million BG shares changed hands by 1057 GMT, against a 90 day daily average of 7.2 million shares, according to Reuters.

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