Shell Plc is reportedly working with advisors to assess the possibility of acquiring BP Plc. However, Shell is currently awaiting additional declines in both BP’s stock and oil prices before determining whether to proceed with a bid, according to individuals familiar with the matter. In recent weeks, Shell has engaged in more serious discussions with its advisors regarding the viability and benefits of a BP takeover, though these sources requested anonymity due to the confidentiality of the information.
— new from Bloomberg.com
