Energy Prospectus

Summary: The Boards of Shell and BG are pleased to announce that they have reached agreement on the terms of a recommended cash and share offer to be made by Shell for the entire issued and to be issued share capital of BG.

· Under the terms of the Combination, BG Shareholders will be entitled to receive: For each BG Share: 383 pence in cash; and 0.4454 Shell B Shares

· Based on the 90 trading day volume weighted average price of 2,170.3 pence per Shell B Share on 7 April 2015 (being the last Business Day before the date of this Announcement), the terms of the Combination represent:
- a value of approximately 1,350 pence per BG Share; and
- a premium of approximately 52% to the 90 trading day volume weighted average price of 890.4 pence per BG Share on 7 April 2015.

More: http://finance.yahoo.com/news/shell-agr ... 03441.html

Our Sweet 16 is loaded with "Takeover Targets" and my SWAG is that ~4 of them are swallowed up this year. This happens in each oil price cycle. Q2 is usually the peak of M&A because the buyers have fresh 3rd party reserve reports to look at.