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Thursday, October 18, 2012

Takeover Digest-New York Times business news - Oct 18, (NYSE: BP), (NYSE: S)

The following are the top stories on the New York Times business pages on Thursday. Reuters has not verified these stories and does not vouch for their accuracy. * Sprint Nextel Corp is seeking greater control of Clearwire Corp, the wireless network operator in which it owns close to a majority stake, through negotiations with its partners in the company, people briefed on the matter said.* One way or the other, NK Rosneft' OAO, the Russian state oil company, is poised to significantly expand its oil and gas holdings in Russia. And BP Plc, its latest Western partner, could benefit from whatever move Rosneft makes.

BP p.l.c. (BP) is an integrated oil and gas company. Shares of BP traded higher by 2.93% or $1.24/share to $43.54. In the past year, the shares have traded as low as $36.25 and as high as $48.34. On average, 4973820 shares of BP exchange hands on a given day and today's volume is recorded at 10615006.

Sprint Nextel Corporation (Sprint) is a holding company, with its operations primarily conducted by its subsidiaries. Shares of S traded higher by 0.7% or $0.04/share to $5.73. In the past year, the shares have traded as low as $2.10 and as high as $6.04. On average, 85058200 shares of S exchange hands on a given day and today's volume is recorded at 94913992.



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