Thursday, September 2, 2010

BHP (NYSE:BHP) May Bid for Anadarko (NYSE:APC)

A report from a newspaper in Australia said BHP (NYSE:BHP) may be interested in making a bid for Anadarko Petroleum Corp. (NYSE:APC).

Anadarko is 25 percent owner of the Macondo well with BP (NYSE:BP), which they're in the middle of permanently plugging.

The newspaper cited "a senior figure in the global energy industry," saying they are a possible target of BHP.

BHP has already made a bid for fertilizer giant Potash Corp. (NYSE:POT), as they look for deals to grow the company.

The oil company rose in response to the news to $50.36, gaining $1.57, or 3.22 percent, as of 1:56 PM EDT.

Anadarko spokesman John Christiansen had no comment on the story.


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