first_imgTuesday 4 January 2011 5:07 am by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBeElite HeraldExperts Discover Girl Born From Two Different SpeciesElite Heraldmoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comZen HeraldThe Truth About Why ’40s Actor John Wayne Didn’t Serve In WWII Has Come To LightZen Herald Show Comments ▼ Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofChicken Bao: Delicious Recipes Worth CookingFamily ProofCheese Crostini: Delicious Recipes Worth CookingFamily ProofHomemade Tomato Soup: Delicious Recipes Worth CookingFamily Proof whatsapp John Dunne Sharecenter_img BP shares rise to six-month high after Shell bid report Shares in oil major BP hit a six-month high after reports that rival Royal Dutch Shell had considered a takeover bid during the Gulf of Mexico oil spill.BP shares were up 4.3 per cent to 485.65 pence as the market opened.The Daily Mail, citing sources close to the Anglo-Dutch group, reported Shell weighed an opportunistic bid for BP as crude gushed into the Gulf, but was discouraged by the potentially uncapped legal liabilities.The Daily Mail had said Shell could yet bid for BP if another suitor emerged but Europe’s largest oil company by market value was unlikely to be the “first mover.”Analysts and industry sources said during the crisis last summer it was likely that both US oil giant Exxon Mobil and Shell – the only companies considered large enough to mount a bid – would run the slide-rule over BP.However, the two notoriously conservative companies were seen as likely to be discouraged by the open-ended nature of BP’s liabilities.Now BP’s shares have rebounded 65 per cent from their June low at 296 pence, to give BP a market value of around $140bn (£89bn), a bid would be much harder to mount, especially for Shell which is worth over $210bn.Exxon has a market value of almost $370bn.It is uncertain whether regulators on either side of the Atlantic would support a tie-up in top tier of the industry. Tags: NULL whatsapp last_img

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