9th Jul 2018 08:38
LONDON (Alliance News) - Oil major BP PLC is in the lead to acquire the US onshore shale oil and gas assets of miner BHP Billiton Ltd after submitting an offer worth well in excess of USD10 billion, Reuters reported on Friday.
Citing people familiar with the matter BP could reach a deal in coming weeks, cautioning that an agreement is not certain and it is possible that negotiations could end unsuccessfully, Reuters reported.
BP shares were down 0.5% at 576.50 pence and BHP shares were up 2.2% at 1,701.20p on Monday.
https://www.reuters.com/article/us-bhp-billiton-ltd-usshale-bp/bp-in-lead-to-acquire-bhps-u-s-onshore-shale-assets-sources-idUSKBN1JW2QS
Related Shares:
BPBHP Billiton PLC