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BP eyes stake sale as spill spreads to Texas

LONDON/NEW ORLEANS (Reuters) - Shareholders in BP balked on Monday at reports the energy giant would seek a strategic investor to ward off takeover bids while the company's massive oil spill in the Gulf of Mexico spread.

LONDON/NEW ORLEANS (Reuters) - Shareholders in BP balked on Monday at reports the energy giant would seek a strategic investor to ward off takeover bids while the company's massive oil spill in the Gulf of Mexico spread.

On the disaster's 77th day, BP spokesman Mark Proegler confirmed that government tests showed tar balls that washed up on the Texas coast near Galveston were from the spill, but only about five gallons were found.

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