joe-90 said:
Big_Spark said:
BP still is 49% owned by UK Gov PLC as far as I am aware, they only sold 51% of the Company, and to buy that 51% would take something like £15 Billion..
That's peanuts for a country that supplies the world with just about everything you can name. It would use the oil to manufacture products and sell them to the West - and earn far more than the £15 billion needed.
joe
Joe, How old are you and what experience do you have of business....
I am sure those doing take-overs of companies would love it to be so simple, but it is far from.
The 51% in public hands is spread amongst THOUSANDS of share holders. and it would only take a small percentage of these to say NO to the sale to block the takeover, and the Government, unless it has given it up, has a compulsory buy back option on all shares for BP. If your British and own shares, the Government can effectively compulsory purchase your shares at current prices and to refuse would be a criminal offence.
This is a daft discussion and best left alone, Joe, your talking twaddle so simply leave it .