Shell Won't Buy BP, Should You?
Shell refuted the takeover rumors, yet the speculation emphasizes what investors are beginning to recognize: BP's significant discount and strategic shift might be due for reevaluation.
Why Shell's BP bid doesn't stack up
The numbers do not stack up convincingly for a Shell PLC (LSE:SHEL, NYSE:SHEL) takeover of BP PLC (LSE:BP.), according to JP Morgan.
Shell's denial of BP bid talks fails to quiet City speculation
A denial from Shell PLC (LSE:SHEL, NYSE:SHEL) this morning of last night's Wall Street Journal report that the oil giant was holding "early stage" talks to acquire BP, has not stopped the buzz of speculation in the City of London on Thursday morning. After the UK market close on Wednesday, the Wall Street Journal reported that Shell was holding "early stage" talks to acquire BP, with the discussions described as "active" with BP "considering the approach carefully.
Shell says it is not considering buying BP, UK rules ban bid for 6 months
Shell has not bid for BP and is not actively considering such a move, it said on Thursday, adding it was bound by UK regulations which mean such a statement ban it from making a bid for BP for the next six months.
Shell denies that it has held talks with BP
Shell PLC (LSE:SHEL, NYSE:SHEL) has rebuffed a Wall Street Journal report that it has been in talks about potentially buying fellow oil heavyweight BP PLC (LSE:BP.). After the WSJ reported on Wednesday that "early stage talks" had taken place, the FTSE 100 and New York-listed oil group said it has "not been actively considering making an offer for BP".
BP Stock Rises After Report That It's in Merger Talks With Shell
Shares of BP jumped Wednesday, lifted by a report that Shell was in talks to acquire it in what would mark a huge deal for the pair of U.K. oil giants, before giving back their gains.
Shell in talks to acquire BP, WSJ reports
Shell PLC (LSE:SHEL, NYSE:SHEL) is in early-stage talks to acquire its rival BP PLC (LSE:BP.) in what would be the largest oil deal in decades, according to a Wall Street Journal report.
BP Stock Jumps After Report That It's in Merger Talks With Shell
Shares of BP jumped Wednesday, lifted by a report that Shell was in talks to acquire it in what would mark a huge deal for the pair of U.K. oil giants.
Shell in talks to buy rival BP in potential blockbuster oil deal: report
BP shares surged nearly 7% on the news.
BP shares jump 8% on report it is in early-stage talks to be acquired by Shell
BP shares jump 8% on report it is in early-stage talks to be acquired by Shell
BP Stock Rises Sharply as Report Says Shell in Talks to Buy Energy Rival
Discussions are progressing ‘slowly,' The Wall Street Journal reports.
Shell in early talks to buy BP, WSJ reports
Shell is in early talks to buy rival BP in a deal worth roughly $80 billion, the Wall Street Journal reported on Wednesday, citing people familiar with the matter
