BP (BP) Fielding Heavy Takeover Interest

According to a report from FOX Business Network's Charles Gasparino, BP PLC (NYSE: BP) is being flooded with interest from rival companies that are seeking to acquire the troubled oil-giant, and the London-based company is considering all of them.

"The problem is they just can't say "no" to an offer of interest, and from what we understand they're not," said an executive at one bank that has close ties to BP cited by Gasparino.

BP officials are currently saying that the company has no concrete sale on the table, and that it is focusing all of its efforts on plugging the well in the Gulf of Mexico that has been spewing oil into the ocean since April 20.

However, executives at the banks working with BP say that the company has no choice but consider all bids, as the company’s share price has fallen drastically.

Gasparino said that one potential bidder may be Exxon Mobil (NYSE: XOM), though it has not been verified if BP has received any interest from the company.

It is thought that bidders may be waiting until the well is plugged to get a better idea of the cleanup costs and litigation that BP is set to face, but Gasparino does not see the situation as stopping potential buyers from expressing interest.

Gasparino noted that it is the feeling among market players that a clearer picture of BP's future may soon be at hand, which could put the company into play.

Shares of BP are down 16 cents to $33.58 in midday market movement Friday, but have rallied 25 percent from their June 28th multi-year low. The stock is still down 40 percent since the Gulf leak started.

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