The rumors continue to swirl around BP (BP) as it tries to stop the oil leak. The embattled British company is once again the subject of speculation that it could be the target of an Exxon Mobil (XOM) hostile takeover. This takeover rumor has gained more steam after Daily Mail reported that the Obama Administration has given Exxon the nod to mount a $150 billion BP takeover.
It was also reported that BP might sell its Prudhoe Bay assets to U.S. oil company Apache ( APA ) for $12 Billion. Is the end of BP approaching?
