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BP (BP)

BP is in talks to pay about $1.2 billion for a majority stake in a privately held Canadian company with large reserves of oil-rich sand deposits.
Reliance Industries Ltd is thought to have made a rival $2 billion takeover bid but BP is understood to be the preferred partner, the paper said.

Feb 15 · 7:00:00 PM · Source: Reuters
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by Michael Oliveto

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