But some investors are concerned over the plunging oil price and late last week Standard Life Investments said it would be voting against the deal.
By JON REES, FINANCIAL MAIL ON SUNDAY: 10 JAN 2016
Shell’s £36billion offer for rival BG Group has received a boost after shareholder advisory group Glass Lewis is understood to have come out in favour ahead of the investors’ vote later this month.
Glass Lewis is the leading adviser for US shareholders and nearly a third of Shell’s investors and a quarter of BG’s are US-based. The deal has also won the backing of the other leading shareholder advisory group ISS last week.