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UPDATED 1 Sept: The EI library in London is temporarily closed to the public, as a precautionary measure in light of the ongoing COVID-19 situation. The Knowledge Service will still be answering email queries via email , or via live chats during working hours (09:15-17:00 GMT). Our e-library is always open for members here: eLibrary , for full-text access to over 200 e-books and millions of articles. Thank you for your patience.
BP Amoco tries to save Arco deal
BP Amoco will this week try to persuade the US Federal Trade Commission to clear its takeover of Atlantic Richfield (Arco) in spite of a legal challenge from ExxonMobil, the biggest US oil company. ExxonMobil, which is a partner along with BP Amoco and Arco in the giant Prudhoe Bay oil field in Alaska, objects to the planned sale of Arco's share in the field to Phillips Petroleum of the US. ExxonMobil filed a legal action on Friday to stop the deal.
News Item details
Websites:
http://www.ft.com
Keywords: Mergers and Acquisitions
Countries: UK -
Organisation: BP Amoco|BP|ARCO
Subjects: Trading, Economics, business and commerce, Crude oil, Oil
