BP faced fresh takeover speculation on the weekend after the Obama administration reportedly told ExxonMobil it would not stand in the way of a takeover bid for its troubled British rival.
With the market value of BP falling from about £120bn to about £70bn due to the Gulf of Mexico disaster, potential bidders are likely to be keen on taking advantage of the oil giant's current plight. ...
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In June 2016, immediately before the Brexit referendum, a curious thing happened.