Takeover of BP?
Publish Date:
July 1, 2010
BP PLC's steep decline in share price makes it a prime candidate for a buyout now, according to analysts. "The market has lost sight of the intrinsic value that is resident in an asset-rich company like BP. We very much doubt that keen-eyed industry players have lost sight of BP's value," JP Morgan Cazenove's Fred Lucas wrote in a research note issued Tuesday. Lucas named Irving, Texas-based Exxon Mobil Corp. and Royal Dutch Shell as the most likely bidders.
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