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.

Latham & Watkins Partner Says IPO Reforms Have Worked
37:31 - Joel Trotter, a Latham & Watkins partner, discusses the year ahead for IPOs with Bloomberg's Alex Barinka on "Bloomberg Markets." (Source: Bloomberg)
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