LONDON (Reuters) - BG Chief Executive Helge Lund on Tuesday welcomed with "mixed emotions" Royal Dutch Shell's $70 billion takeover bid, which came only two months after he took office.
Speaking at BG's annual general meeting in Reading, England, the former Statoil
"This is a strong deal for our shareholders," he said.
"That said, you will understand that, from a leadership perspective, I do have slightly mixed emotions as I was looking forward to taking BG forward and a takeover was certainly not in my mind when I joined the company."
Lund took office on Feb. 9 with a mandate to turn BG around after a string of profit warnings and delays on major projects.
Completion of the agreed takeover will trigger payouts for Lund that could see his first year's pay top 32 million pounds ($47.8 million), a Reuters analysis of corporate filings showed last month.
Shell's offer, first raised in a mid-March phone call between Shell CEO Ben van Beurden and BG Chairman Andrew Gould, was announced on April 7.
(Reporting by Karolin Schaps; Writing by Ron Bousso; Editing by David Goodman)
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