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Shell denies BP bid and rules out takeover for 6 months

Fortune on MSN · 1d

After denying reports of BP takeover, Shell is legally barred from making an offer for six months—and there are no other suitors in sight

The June 26 news comes after reports that Shell entered early talks to buy BP in what would easily represent the largest energy deal of the century—if not ever. But with Shell s

Cyprus Mail on MSN · 18h

Shell denies BP bid and rules out takeover for six months

Shell (SHEL.L) has not bid for BP (BP.L) and is not actively considering such a move, it said in a categorical denial on Thursday, adding it was bound by UK rules which mean such a statement bans it from bidding for BP for the next six months.

Hosted on MSN · 22h

Shell Denies BP Takeover Rumors

Oil and gas giant Shell has publicly denied the rumors that it is looking at purchasing BP in a deal that could total $80 billion. That would make it the largest merger in the industry this century, but will it happen?

Shell denies it is in talks to acquire BP

The Wall Street Journal on MSN · 1d

Shell in Early Talks to Acquire Rival BP

A deal would be a landmark combination of two supermajor oil companies. Shell issued a formal stock exchange denial of takeover talks.

CBS News on MSN · 2d

BP shares surge on report that rival Shell could acquire it

BP shares jumped as much as 10% after the Wall Street Journal reported that rival Shell is in early talks to acquire the British oil company. Shares of BP jumped $3.11, or 10%, to $32.94 in early afternoon trading. U.S.-listed shares of Shell, which is also U.K.-based, meanwhile, slid 3%.

The Business Journals · 1d

Shell denies it is in talks to acquire BP after reports say otherwise

Rumors have been growing about a historic multibillion-dollar acquisition, but Shell says no talks are happening.

8h

Rivals cast eye over BP crown jewels even as Shell walks away

But Auchincloss — a 54-year-old Canadian brought in to replace Bernard Looney, architect of the company’s green push, in 2023 ...

1d

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 ...

1don MSN

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 in a categorical denial on Thursday, adding it ...

9hon MSNOpinion

Would Shell and BP creating a £200bn oil behemoth actually be a good idea - for anyone?

Analysis: FTSE 100 pair have negated talk of a takeover and that looks the right call, writes Karl Matchett - at least for ...

12h

How a Shell–BP deal would compare to energy sector's past M&A

Shell (SHEL) and BP (BP) are in focus after The Wall Street Journal reported Shell is in early talks to acquire BP, though ...

Money Morning1d

Shell and BP: Could a Blockbuster Oil Deal Reshape the Industry Despite the Denial?

The Wall Street Journal reported yesterday that Shell (SHEL) was in early-stage talks to acquire BP (BP), a deal that could ...

1d

Shell And BP: Is This The Energy Sector's Big Breakout Or Just More Noise?

Shell plc offers solid dividends, buybacks, and fair valuation, but no major upside on a BP p.l.c. merger. Click for my look ...

2don MSN

BP’s stock jumps on Wall Street Journal report of Shell deal talks. Here’s how the deal could work.

BP’s stock rallied on Wednesday, and shares of Shell fell, after the Wall Street Journal reported the two companies were ...

1d

Shell Says It Has No Intention of Making an Offer for BP

Shell Plc confirmed it has no intention of making an offer for BP Plc, having denied a report Wednesday that it was in active ...

15hon MSN

Shell-BP speculation: how we got here

Shell has doubled down, denying rumors it is in early talks to buy rival U.K. energy giant BP, but it's not the first time ...

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