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The Guardian: : So did Browne choose to quash market chat about a mega-merger between BP and Shell? No he did not.

Headline: Macho ado about Anglo’s choice of a woman CEO

Extract headline: Oil and airspace
Published: Oct 25, 2006
Nils Pratley

So, did Lord Browne choose to quash the market chat, written up here yesterday, about a mega-merger between BP and Shell? No he did not. “Looking at it from 50,000 feet, there are an awful lot of players here dealing with a lot of small pieces,” he said.

It wasn’t a comment about Shell or BP, just about the oil industry in general, but as a way of encouraging gossip it could hardly be bettered.

Many outsiders, whatever their altitude, think companies the size of BP have enough to do in dealing with their corroding, exploding and subsiding bits of kit. Lord Browne clearly feels otherwise. Perhaps he would like to see the rumour run. But does his chairman?

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http://business.guardian.co.uk/story/0,,1930679,00.html

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