U.S. regulator seeks to block BP-Arco merger

Article Abstract:

An injunction has been sought by the US Federal Trade Commission (FTC) to prevent BP Amoco PLC's planned $30 billion (30.84 billion euros) takeover of Atlantic Richfield Co. The FTC is seeking the injunction for antitrust reasons.

Foreign operations, Laws, regulations and rules, United States. Federal Trade Commission

---

BP Amoco merger wins U.S. approval; but Exxon's acquisition of Mobil could face harsher antitrust test

Article Abstract:

Thr U.S. government has approved the acquisition of Amoco Corp. by British Petroleum Company PLC. The newly-formed company intends to impliment immediate cost-cutting measures. While the company was not slapped with severe antitrust conditions, it appears that the government will be more stringent concerning the Mobil Corp. acquisition by Exxon Corp. The Amoco acquisition for $53 billion will be outpaced as the largest in history only if Exxon succeeds in its $77 billion merger with Mobil.

Abstract, XON, Exxon Mobil Corp., Mobil Corp., MOB, British Petroleum Company p.l.c, AN, Amoco Corp.

---

BP Amoco to sell assets to satisfy Alaska's concerns

Article Abstract:

BP Amoco PLC has reached an agreement to sell off some assets in order to allay concerns in the state of Alaska. The state has been concerned about BP's planned acquisition of Atlantic Richfield Co.

Crude Petroleum and Natural Gas Extraction, Crude petroleum and natural gas, Public affairs, Crude Petroleum, Alaska, ARC, BPA

Similar abstracts:

• Abstracts: DaimlerChrysler warns on U.S. unit; incentive spending cited as factor in third-quarter operating loss. BMW says Rover appears on track to profitability
• Abstracts: Carnival agrees to buy Fairfield in move into time-share resorts. Carnival bids to rescue NCL from rival
• Abstracts: British Airways reports decline in operating profit for quarter. KLM reports sharp 3rd-quarter losses
• Abstracts: Eircom receives bids from KRR and Blackstone (Eircom PLC considers acquisition offers from Kohlberg Kravis Roberts and Company L.P., and Blackstone Communications Partners)

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.