BP takeover fears as shares plunge

Rivals circling beleaguered British energy giant following Gulf of Mexico oil spill.

    BP has lost about 35 per cent of its share value, around $60bn, since its Deepwater Horizon well blew up in the Gulf of Mexico, causing a massive oil spill.

    A criminal investigation has been launched into the cause of April's accident and the British energy giant's plunging share price could make it a takeover target for one of its rivals.

    Jonah Hull reports from London.

    SOURCE: Al Jazeera


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