ExxonMobil rumoured to be considering GBP 15-per-share bid for BG
ExxonMobil, the Irving, Texas-based oil Goliath, is rumoured to be a potential bidder for the UK-listed oil and gas company BG Group, The Times reported. Market chatter suggests Exxon might pay as much as GBP 15 (USD 23.47) per share for BG, whose share price has dropped 28% this year, the report said.
A market report in The Daily Mail said dealers heard rumours of ExxonMobil making a potential GBP 14-per-share break-up bid for BG. BG’s shares were trading at 935.5p by yesterday’s close, the report noted.
The Daily Telegraph’s market report noted speculation that BG might be taken over by the listed rival Royal Dutch Shell or is being targeted for a joint break-up bid from ExxonMobil and San Ramon, California-based Chevron.
BG is considered vulnerable in part because it does not currently have a chief executive in post, the Times and Mail reports said.
The Times (London), Daily Mail, Daily Telegraph