Hmmm..."curiouser and curiouser" 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> </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> <!-- IMAGE CONTROL - DO NOT REMOVE - END IMGCAP --> WANT TO KNOW MORE? BP denial over early target for well plug BP to fight US over demand for disclosure FTSE LATEST 5167.0234.08 <script language="javascript" type="text/javascript"> document.write(""); document.write("<img src=\"http://partnercharting.digitallook.com/?chart_primary_ticker=UKX&username=thisismoney&password=abrim8862&chart_time_period=1_day&co_dimension^width=224&co_dimension^height=128&tiny_chart=1&co_border^set=-1\" alt=\"Go to Market data\" height=\"128\" width=\"224\" border=\"0\" title=\"Go to Market data\"> "); document.write(""); </script> TALK ABOUT SHARES Join the lively debates on shares: Today's hot stocks <!-- DO NOT REMOVE - FLOAT END --> 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
not bad for exxon, if it can get the assets and not the spill liabilities. lol "exxon given nod to mount BP...." rightly so.
ANOTHER "bobo-corp" takeover....... soon The Big-Eared One will own the world. Or at the least, he's the Front Man for those who will........
