Market Chatter: Shell in Talks to Acquire LLOG Exploration Offshore for $3 Billion

MT Newswires Live12-10

Shell (SHEL) is in advanced talks to acquire LLOG Exploration Offshore for more than $3 billion to expand in the US Gulf, Reuters reported Tuesday, citing two sources familiar with the matter.

While a deal is not guaranteed, the discussions are nearing an agreement, with one source saying it could be signed by year-end, according to the report.

Shell and LLOG did not immediately reply to requests for comment from MT Newswires.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Price: 72.72, Change: +0.02, Percent Change: +0.02

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