YPF Plunges on Government Takeover Concern: Buenos Aires Mover
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YPF SA tumbled the most in five months after newspaper Pagina/12 said Argentine officials discussed a takeover of the country’s biggest oil producer, without saying where it obtained the information.
YPF’s American depositary receipts fell 10 percent to $35.86, the biggest one-day decline since Aug. 8, after earlier dropping as much as 14 percent. Trading volume surged eightfold to 4 million from this year’s average. The stock has tumbled 26 percent over the past year.