Shell Addresses BP Merger Speculation ...Middle East

OILPRICE - Economy
Shell Addresses BP Merger Speculation
source : OILPRICE ( Middle East ) () 21
Shell said on Thursday it hasn’t actively considered an offer for BP and has no intention of making such a bid, after a media report earlier this week rekindled speculation about a giant energy tie-up of the two UK-based rivals.  On Wednesday, BP shares jumped by nearly 7% before paring the bulk of those gains after The Wall Street Journal reported that Shell is in early-stage discussions to acquire its British rival.     Shell on Wednesday dismissed the Journal’s report as “market…

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