Exxon gives nod in BP takeover..

Discussion in 'General Discussion' started by Tango3, Jul 12, 2010.

  1. Tango3

    Tango3 Aimless wanderer

    Hmmm..."curiouser and curiouser"[peep] Chicago hardball politics???

    Exxon given the nod to mount BP takeover

    Daily Mail
    12 July 2010, 8:17am Reader comments (8)
    Oil giant Exxon has been given clearance by Washington to mount a £100bn bid for BP as the embattled British company undertakes a high-stakes gamble to cap the Gulf of Mexico spill.
    <!-- IMAGE CONTROL - DO NOT REMOVE - START IMGCAP --> <table border="0" cellpadding="0" cellspacing="0" width="203px"> <tbody><tr valign="top"> <td> [​IMG] </td></tr> <tr valign="top"> <td class="imgCaption203">Gamble: BP has no way of controlling the leak during the risky procedure.</td> </tr> </tbody></table>


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    The US government has told Exxon that it will not stand in its way if it chooses to attempt a takeover. Sources said the American oil group - which was responsible for the world's biggest oil spill until the disaster in the Gulf - had expressed a 'serious interest' in the deal.
    If Exxon seized BP, it would place an energy behemoth worth in excess of £250bn fully in American hands - at a time when the world is struggling to find new sources of oil.

    The development came as BP removed a containment cap on the well to put a better one in its place.
    During the procedure there will be no means of controlling the leak, meaning some 2.5m gallons of oil will gush into the sea until it is sealed again.
    Since the Deepwater Horizon rig exploded on April 20, BP has lost more than half its share value.
    Last night BP refused to comment on the takeover speculation - but conceded it could take seven days to place a better cap on the well.
    Sources indicated that a sale of BP's £6bn stake in Argentine Pan America Energy is immin

    Read more: Exxon given the nod to mount BP takeover | This is Money

    Exxon given the nod to mount BP takeover | This is Money
  2. SLugomist

    SLugomist Monkey++

    not bad for exxon, if it can get the assets and not the spill liabilities.

    lol "exxon given nod to mount BP...." rightly so.
  3. Seawolf1090

    Seawolf1090 Retired Curmudgeonly IT Monkey Founding Member

    ANOTHER "bobo-corp" takeover....... soon The Big-Eared One will own the world. [stirpot]

    Or at the least, he's the Front Man for those who will........
  4. Brokor

    Brokor Live Free or Cry Moderator Site Supporter+++ Founding Member

    Everything happens for a reason -although we may not know it at first.
  5. Ivan

    Ivan Monkey++

    :censored:might as well just call it Standard Oil.
  6. Tango3

    Tango3 Aimless wanderer

    obama head. oppression. cfctjjjg.
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