BP gains, with traders citing Exxon bid talk

By Reuters
Posted Nov. 5, 2010 at 11:18 a.m.

Shares in BP gained on Friday, with traders citing talk that Exxon Mobil was considering a bid for the oil company.

By 10:29 a.m. EDT, BP shares were up 1.1 percent at 450 pence, having hit an intraday high of 451.35 pence on the rumor.

BP declined to comment and a spokesman for Exxon said in an email that it was “not our practice to comment on market speculation, rumors or media reports.”

Read more about the topics in this post: , , , ,

Companies in this article


Read more about this company »

Comments are closed.