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AAR will make a "competitive" offer for BP's 50% stake in TNK-BP by Oct. 17, one of the group's...

  • Thursday, October 4, 2012, 7:53 AM ET
    AAR will make a "competitive" offer for BP's 50% stake in TNK-BP by Oct. 17, one of the group's billionaire tycoons says. An offer would raise the prospect of a bid contest between AAR and Rosneft, which also has expressed interest in BP's stake in TNK-BP, Russia's third-largest oil company. BP -0.7% premarket.
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