Elf's chief vows to defeat TotalFina bid

Article Abstract:

Philippe Jaffre, the chairman of Elf Aquitaine SA, said in a speech on July 8, 1999 that he would defend his company against TotalFina SA's hostile takeover bid. TotalFina has made a hostile bid of 42 billion euros to acquire Elf. Mr. Jaffre claimed that TotalFina's chairman Thierry Desmarest acted prematurely in ending negotiations that could have resulted in an amicable merger between the two firms.

Comment:

Elf chmn Philippe Jaffre, says he will defend Elf against TotalFina's hostile takeover bid

Asset sales & divestitures, Acquisitions & mergers, France, Petroleum, Petroleum and Coal Products Manufacturing, Mergers, acquisitions and divestments, Abstract, TOTAL S.A., Elf Aquitaine S.A.

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BP Amoco Set to Outsource Human Resources

Article Abstract:

BP Amoco PLC plans to sign a contract to outsource its human resources operations to Exult Inc.

United Kingdom, United States, Contracts & orders received, Crude Petroleum and Natural Gas Extraction, Crude petroleum and natural gas, Personnel administration, Crude Petroleum, All Other Personal Services, Miscellaneous Personal Services, Personal Services NEC, Statistical Data Included, Human resource management, Contracts, Services industry, Service industries, BP PLC, Personal care industry, BPA, Exult Inc.

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