Shell denies takeover talks with UK rival BP

Shell Squashes BP Takeover Rumors, Hits Six-Month Ban - Shell (NYSE:SHEL), BP (NYSE:BP)

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 making an offer for BP and confirms it has not made an approach to, and no talks have taken place with, BP with regards to a possible offer,” the company said in a statement on Thursday. This is a statement to which Rule 2.8 of the Code applies. Rul…

Shell denies it's looking to buy energy rival BP

Shell has rejected media reports that the British energy giant is holding "early-stage talks" to acquire smaller rival BP.

Shell denies reports that the energy giant is in talks to take over BP

British oil giant Shell on Thursday denied media reports that it is in talks to buy rival BP.The Wall Street Journal on Wednesday said Shell was holding “early stage talks,″ to acquire BP, citing people familiar with the matter. “In response to recent media speculation Shell wishes to clarify that it has not been actively considering making an offer for BP and confirms it has not made an approach to, and no talks have taken place with, BP with r…

Shell Dismisses BP Takeover Talks as Mere ‘Speculation’

One of the world’s biggest oil companies seems to have sprung a leak – no, not in one of its tankers, in its deal room. But the information that seeped out has been called into question. On Wednesday, The Wall Street Journal reported that UK-based multinational oil giant Shell was in early-stage talks to acquire British rival BP, citing “people familiar with the matter.” It’s unknown if the newspaper’s tip was shucked from inside Shell’s yellow …

Shell Firmly Denies Talk of BP Takeover

British supermajor Shell has denied reports that it is in talks to acquire BP, a mega-takeover that would be worth more than $80 billion. If completed, the combined firm would be the second-largest publicly-traded energy firm, rivalling ExxonMobil. In an exclusive published Wednesday, the Wall Street Journal reported that bankers for Shell and BP are in early talks about the terms of a possible megamerger. People close to the talks said that the…