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BP takeover fears as shares plunge

Posted on June 12, 2010 by bp complaints

BP has lost about 35 per cent of its share value, around bn, 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.
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