HALISTER: BP Gains; Evening Standard Notes Takeover Talk of 600p/Share

BP Gains; Evening Standard Notes Takeover Talk of 600p/Share

(Bloomberg) -- ExxonMobil is said to have sounded out BP’s major shareholders to ascertain their interest in a potential takeover, the Evening Standard reports without saying where it got the information from.
  • Speculation is that BP is worried that it may be vulnerable to an offer above 600p/share, equating to GBP120b: Evening Standard
  • Chevron is said to be another potential interested party
  • Adds that BP’s shareholders are thought to be unhappy with the current share price
  • Article notes that Exxon and BP have several top holders in common, such as BlackRock and Vanguard
  • BP shares trading 1.2% higher at 459.8p
  • Note that the Telegraph market report noted BP takeover speculation

Alert: HALISTER
Source: BFW (Bloomberg First Word)

Tickers
BP/ LN (BP PLC)
XOM US (Exxon Mobil Corp)
CVX US (Chevron Corp)

To de-activate this alert, click here
To modify this alert, click here

UUID: 7947283