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GAAP.RUNewsBritish Petroleum looking for a “white knight” investor to purchase 5-10% of its shares

British Petroleum looking for a “white knight” investor to purchase 5-10% of its shares

Publication date: 6 July 2010

BP commenced searching for a strategic investor to help it escape hostile takeover in conditions like that, when its shares fell for more than 50%. The company proposes to purchase 5-10% of shares which are now worth $4.5-9 billion. Analysts named Exxon Mobil Corp. and Royal Dutch Shell among most probably buyers.

BP commenced searching for a strategic investor to help it escape hostile takeover in conditions like that, when its shares fell for more than 50% due to the oil leak problem - analysts named Exxon Mobil Corp. and Royal Dutch.