Activist Elliot takes near 5% stake in BP
Several BP Plc shareholders said they welcome activist Elliott Investment Management taking a stake in the British oil major ...
For many decades, BP Plc and Shell Plc were the closest of rivals — equivalent in size, with matching clout in energy markets ...
Shares in BP rose by 7% on Monday, and were on track for the biggest daily gain in two years, as investors anticipated that ...
BP shares jumped early Monday following weekend reports that activist investor Elliott Management has built a stake in the ...
Beleaguered shareholders of BP Plc who’ve watched their investment lag over the past few years are banking on activist ...
Elliott is known for its aggressive activism in the companies it invests in, frequently pushing for rapid and significant ...
Indeed, BP could fetch $26bn by disposing of some of its low carbon, pipeline and marketing businesses, Goldman Sachs ...
Activist investor Elliott Management is expected to push for BP to pivot back towards traditional oil and gas.
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