How BP became a potential takeover target

[Pelican Press 0]

The logo of British oil major BP. Sopa Images | Lightrocket | Getty Images For weeks, market tongues have been wagging about a potential merger between Britain’s oil giants — until, ending weeks of speculation, Shell on Thursday denied reports that it’s in talks to acquire BP. But how did we get to the point that BP, a U.K. oil exploration company that was founded in 1909 under the name…

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