Navigate this market better. Subscribe for FREE stock alerts and information.

Thursday, October 18, 2012

Takeover Digest - Wall Street Journal - Oct 18, (NYSE: BP), (NYSE: S)

The following are the top stories in the Wall Street Journal on Thursday. Reuters has not verified these stories and does not vouch for their accuracy. * Sprint Nextel Corp is in talks to gain control of partner Clearwire Corp's board via agreements with the wireless broadband operator's other investors, people familiar with the matter said.* BP Plc is close to a pact to sell its 50 percent stake in troubled Russian venture TNK-BP Ltd to state oil company NK Rosneft' OAO for about $25 billion in cash and shares, people close to the talks said.

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.



Source