Shell bids £4.3bn for rival oil giant
Shell's bid has won the backing of the board at Enterprise, the
UK's biggest independent oil explorer.
The deal would see Shell buy Enterprise's oil reserves, of 1.5
million barrels, for about $4 per barrel.
The offer accelerates a sector consolidation wave which last week
saw Shell agree to pay $1.8bn (£1.3bn) for Pennzoil-Quaker
State, the biggest
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