BP (BP) Gets Indication of Interest for Potential Acquisition of TNK-BP Stake

Article Related Articles (1) Stock Quotes (1) Comments (0)

BP (NYSE: BP) said it has received unsolicited indications of interest regarding the potential acquisition of its shareholding in TNK-BP.

In light of these unsolicited approaches and consistent with its commitment to maximising shareholder value, and its obligations under the Shareholder Agreement, BP has notified Alfa Access Renova of its intention to pursue a potential sale.

There can be no guarantee that any transaction will take place.

A further announcement will be made when and if appropriate.

---

Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW

---

*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here

---

---

You May Also Be Interested In

• UPDATE: Sprint (S) to Raise Offer for Clearwire (CLWR) - DJ
• J. C. Penney (JCP) Reports Successful Early Tender of 7 1/8% Notes
• LRAD Corp, (LRAD), Iroquois Master Fund Enter Settlement

Create E-mail Alert Related Categories

Corporate News, Mergers and Acquisitions

Add Your Comment

Name

Subject

Body

Share on Facebook

Verification
can't see the text?
click here to refresh the image.
what's this?