BP’s Spill Deal Is ‘Catalyst’ for Acquirers as Uncertainty Ends

A photographer's oil covered waders on Grand Terre Island, Louisiana following the BP oil spill.

Photographer: Benjamin Lowy/Edit by Getty Images

BP Plc’s $18.7 billion U.S. legal settlement is being cheered by investors and analysts as it ends five years of financial uncertainty. It also makes the British oil producer a more attractive takeover target.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.