Deadline for TNK-BP Deal Passes Without Resolution

The fate of the $16 billion “deal of the century” between BP and Rosneft hung in the balance late Monday night as four-way talks between the two companies, BP’s oligarch partners and the Russian government ended in a game of brinkmanship. The oligarchs, widely considered to be purely financial investors in TNK-BP, have pitted their maneuvering for the highest price tag possible in any buyout against Rosneft and BP’s […]