BP agrees to inform US ahead of transactions

[FarCenter]

AFP - BP has agreed to inform the United States government of major transactions that may affect the future shape of the company in the wake of the Gulf oil spill, a British paper reported Wednesday.

The oil giant has bowed to demands to notify the Department of Justice at least 30 days ahead of major financial moves, said The Times daily.

The request came in a letter from Tony West, the US Assistant Attorney-General, to Rupert Bondy, BP's general counsel, on June 23, said the paper.

It asked BP to inform US justice officials in advance of "any planned or contemplated events that may involve substantial transfers of cash or other corporate assets outside of the ordinary course of business."

American authorities should also be told of any "corporate restructuring, reorganisation, acquisitions, mergers, joint ventures, sales, divestments or disbursements," it demanded.

BP also agreed to hand over other information to the US, including monthly financial statements and details of credit and loan agreements, said The Times.

<SNIP>http://www.france24.com/en/20100707-bp-agrees-inform-us-ahead-transactions

[gateley]

1. ....

:spray:

[Imagevision]

2. Why didn't they inform us that 128 clean up workers had to stop working due to illnesses

[Ruby the Liberal]

3. Meanwhile, over on the left hand - Tony Hayward is making the global CYA tour...

http://www.businessinsider.com/tony-hayward-escape-2010-7

[Imagevision]

4. Today BP warned those getting sick NOT to go to hospitals, report to BP clinics instead

probably so they could be fired (?)