Takeover Rumors


Friday, November 7th 2008, 7:53 am
By: News On 6


NewsOn6.com

OKLAHOMA CITY, OK -- Rumors are flying that London-based BP is poised to take over Oklahoma's Chesapeake Energy.

Chesapeake stock jumped $1.88 to $24.83 Thursday.

Chesapeake is the largest independent natural gas producer in the country.

BP is Europe's second-largest oil company.

The Wall Street Journal said last month, BP had expressed an interest the acquisition of gas properties from Chesapeake.

Neither company is commenting on the deal.