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.

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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.

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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.

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