Entries tagged "BP"
Rumors flew in the oil patch this week that British oil giant BP plc would scoop up Oklahoma City oil explorer Chesapeake Energy Corp. Chesapeake's shares shot up 8.2% on Wednesday, or $1.88, to close at $24.83 but were slammed down $2.30 to $22.53 per share Thursday in the general market downdraft. It traded as high as $74 per share over the last year. ...
A story in The Wall Street Journal this past Friday got dealmakers talking about possible consolidation partners in the oil patch. Deep-pocketed global oil majors have fewer places to invest their money to keep growing their reserves; lower oil and stock prices have created bargains in the market; and increasingly tighter and more expensive credit markets have made it difficult for smaller companies to borrow money to grow. The article said possible buyers included integrated oil giants like ExxonMobil Corp. (with $39 billion in cash at the end of the last quarter and 2.8 billion shares in its treasury),...
It seems BP plc is learning the hard way an eventuality Rupert Murdoch warned about last month. ...
Demanding investors. Truculent joint venture partners. A defiant takeover target. These were some of the challenges -- and potential opportunities -- facing European dealmakers on Tuesday....
The Top 10 global announced deals as well as the Top 10 with U.S. and European targets for the first quarter of 2008, based on data from Dealogic. See charts after the jump. ...
