BP sues Argentina's Bridas Corp. over last year's collapsed $7B asset sale, saying it is willing...


BP sues Argentina's Bridas Corp. over last year's collapsed $7B asset sale, saying it is willing to pay a $700M breakup fee so long as it will not face fraud claims arising from its conduct. BP says it had wired the money after the transaction fell apart, only to have Bridas return it, claiming that the sale agreement was void from the start.
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Comments (3)
  • doc47
    , contributor
    Comments (1715) | Send Message
     
    BP is way over the limit for making/trying to make deals with crooks and morons. The upper management is in need of a frontal lobotomy!
    23 Apr 2012, 04:20 PM Reply Like
  • JimConnors
    , contributor
    Comments (8) | Send Message
     
    Judging from its safety and environmental record over decades, I think the senior managers have already had one.
    23 Apr 2012, 05:07 PM Reply Like
  • timddeb
    , contributor
    Comments (527) | Send Message
     
    so is the money being returned good or bad? Is the asset a plus or a minus? Does BP need the cash? Isn't stipulating a condition about fraud asking for trouble? Surely these are the questions that need evaluation?
    23 Apr 2012, 09:14 PM Reply Like
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