BP placed on bid alert as Shell takeover ban ends on Boxing Day

BP remains a target despite dramatically hiring its first outsider as chief executive in its history as it seeks to fend off potential suitors and drop its ill-fated push on Net Zero.
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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 ...
Seeking Alpha

Shell issues statement denying BP takeover talks; U.K. rule bans bid for six months

Shell (NYSE:SHEL) +2.5% pre-market Thursday after issuing a statement that it has not engaged in talks with rival BP (NYSE:BP) and is not planning a takeover offer, in a firm denial of the previous ...
U.S. News & World Report

Shell Says It Is Not Considering Buying BP, UK Rules Ban Bid for 6 Months

LONDON (Reuters) -Shell has not bid for BP 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 ...
Nasdaq

Shell Denies Interest in BP Takeover, Freezing Potential Deal for Six Months

Shell (NYSE:SHEL) has moved quickly to shut down speculation about a takeover bid for BP (LSE:BP,NYSE:BP), issuing a formal statement under the UK Takeover Code. According to the company, no talks ...
AOL

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

Shell doubled down on its denial of acquiring rival BP, claiming it has “no intention” of making an offer while invoking a U.K. law that forbids Shell from bidding on BP during the next six months ...
Forbes

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 discount and strategic shift might be due for reevaluation. With shares ...
Morningstar

PRESS: Shell rumoured to be against BP buyout as merger head exits

(Alliance News) - Shell PLC's head of mergers & acquisitions team has left the company after clashing with Chief Executive Wael Sawan over a proposed takeover of rival oil major BP PLC, the Financial ...
Benzinga.com

Shell Squashes BP Takeover Rumors, Hits Six-Month Ban

Shell plc (NYSE:SHEL) has issued a statement addressing recent media speculation about a potential deal to acquire BP plc (NYSE:BP). “Shell wishes to clarify that it has not been actively considering ...
Upstream

Shell denies report that it is eyeing bid for BP

UK supermajor Shell has denied latest media reports it is actively circling compatriot BP and could be poised to make a takeover bid. The Wall Street Journal on Wednesday reported that Shell is in ...
Morningstar

Shell in Early Talks to Acquire Rival BP — -2-

1124 GMT - Gold futures rise on declining U.S. Treasury yields and a weaker U.S. dollar. Futures are up 0.35% at $3,354.80 a troy ounce. The precious metal has extended its recovery after investor ...