Freshfields Bruckhaus Deringer has secured a lead role advising BP on its attempts to ward off a takeover bid in a mandate that will be viewed as a coup for the London giant. The appointment will be seen as a surprise as Linklaters has traditionally been regarded as the oil company's lead corporate adviser. Speculation has mounted regarding BP's future after sustained political pressure and a mounting cleanup bill. Exxon Mobil and Shell have been cited as potential bidders for the company.
July 07, 2010 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
Freshfields Bruckhaus Deringer has secured a lead role advising BP on its attempts to ward off a takeover bid in a mandate that will be viewed as a coup for the London giant.
Freshfields has successfully pitched to advise BP on its takeover defense in the wake of the company’s disastrous Gulf of Mexico oil spill, which began in April.
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