BP: Has Not Agreed To Inform US Of Major Transactions

7th Jul 2010 11:57

LONDON (Dow Jones)--BP PLC (BP) hasn't agreed to demands that it notify the U.S. Department of Justice at least 30 days ahead of any significant financial or asset transactions, a spokesman said Wednesday. The oil giant has received letter from the Department of Justice making this demand, but hasn't yet responded, the spokesman said. The letter asked BP to inform U.S. justice officials before "any planned or contemplated events that may involve substantial transfers of cash or other corporate assets outside of the ordinary course of business," U.K. newspaper The Times reported Wednesday. U.S. authorities should also be told of any "corporate restructuring, reorganization, acquisitions, mergers, joint ventures, sales, divestments or disbursements," the letter said. Company website: www.bp.com -By James Herron, Dow Jones Newswires; +44 (0)20 7842 9317; [email protected] (END) Dow Jones Newswires July 07, 2010 06:57 ET (10:57 GMT)