Britain's BG Group said on Friday it was happy with Shell's $70 billion takeover bid despite a recent upturn in oil prices that led the company to increase the profit outlook for its liquefied natural gas (LNG) business. A near 20 percent rise in crude prices since Shell made its bid for BG on April 8 has raised concerns investors may question the valuation. "There is no change to our view on the offer," said BG Chief Executive Helge Lund on his first results conference call since taking the reins in early February, only weeks before Shell made its takeover offer. BG's first-quarter results, however, also showed how deeply the drop in oil prices early this year had hit its business as it reported a 41 percent drop in core earnings to $1.6 billion from $2.7 billion the same time last year.
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