3 ms·
The gift is worth nothing or actually worse, BP pulling out reduces the value of all of their other shares too.
by gambiting 5y ago
The gift is worth nothing or actually worse, BP pulling out reduces the value of all of their other shares too.
- Tenoke 5y agoSurely (if that's really the case) just selling on the market and crashing the price would've hurt them even more. I'd normally expect that'd also make BP at least a bit of money but I have no idea about the complex accounting and tax situation when doing it this way. Either way, at minimum it's a gift of not crashing the price.