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BP plc Message Board

  • jpmlondonwhale jpmlondonwhale Oct 31, 2012 9:38 AM Flag

    We think that BP should hold off until they settle things first with the Department of Justice.

     

    BP’s major investors are adamant that the firm must hold onto the Russian windfall, rather than spend it on paying special dividends or acquisitions.
    They believe that doing either would “send the wrong signal” to the US authorities.
    BP is locked in talks with the US Department of Justice about settling all criminal and civil liabilities related to the Gulf of Mexico oil spill. BP could be forced to pay up to $25 billion as a settlement.
    One leading BP shareholder said: “We think that BP should hold off until they settle things first with the Department of Justice. It would be madness to try to do anything else before then.”

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BP
51.19+0.22(+0.43%)Jul 23 4:00 PMEDT

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