Uncategorized

Exxon-BP Acquisition Talk Resurfaces: Is a Deal Really Likely?

BP Plc’s shares surged the most this year after a London newspaper reported on rumors that Exxon Mobil Corp. sounded out major shareholders over a potential takeover.

While a bid for BP can’t be ruled out, reports about Exxon’s interest have been around for years and analysts from Macquarie Capital Ltd. to Canaccord Genuity said a deal was unlikely.

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Categories: Uncategorized

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