Billionaires Said to Drop Bid for BP Stake

BP Plc’s billionaire partners dropped a planned offer to buy the other half of TNK-BP, their Russian oil venture, after state-run OAO Rosneft dominated the bidding, said a person with knowledge of the decision.

Is Down Market Making It Hard for Activist Investors?
46:24 - The New York Times "Deal Professor" Steven Davidoff Solomon discusses the challenges for activist investors in a down market. He speaks on "Bloomberg ‹GO›." (Source: Bloomberg)
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