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BP ( (BP) ) has issued an announcement.
BP has announced its rejection of an unsolicited mini-tender offer from TRC Capital Corporation to purchase a small percentage of its American Depositary Shares at a below-market price. The company advises its shareholders against accepting the offer, highlighting that such mini-tender offers lack the investor protections typically provided by larger tender offers, as noted by both U.S. and Canadian securities regulators. BP emphasizes that it is not associated with TRC or its offer, and encourages shareholders to consult with financial advisors and exercise caution.
More about BP
BP p.l.c. is a global oil and gas company headquartered in London, England. It is primarily engaged in the exploration and production of oil and gas, refining, distribution, and marketing of petroleum products. BP operates worldwide and focuses on delivering energy solutions and transitioning to lower-carbon energy sources.
YTD Price Performance: -10.31%
Average Trading Volume: 9,764,859
Technical Sentiment Consensus Rating: Hold
Current Market Cap: $78.53B
See more data about BP stock on TipRanks’ Stock Analysis page.
