A new No. 2: BP Amoco to merge with ARCO

04/05/1999
How BP Amoco/Arco Combined Assets Would Look [214,086 bytes] Supermajor BP Amoco plc, itself the freshly new product of a merger, has agreed to combine with ARCO in a $26.8 billion merger that would create the world's second-biggest petroleum company. The all-share transaction, approved by both companies' boards at presstime last week, will involve the exchange of 0.82 BP Amoco American Depositary Share (ADS) for each ARCO share. At BP Amoco's closing price of $100.44/ADS on Mar. 26, this valued ARCO at $26.8 billion, or a premium of 26%. Based on the closing prices for both firms Mar. 31, the premium was 13%. Savings, synergies BP Am...
read-story

Why Register?

Non-subscribers can only view whitepapers by providing name, home and email address, phone number and other information and comment on/rate articles.

Why Subscribe?

Oil & Gas Journal subscribers with login credentials can access these premium features of OGJ Online:

  • Current Issue – an html version of the current week's issue of Oil & Gas Journal.
  • Past Issues – An Electronic OGJ Archive. A keyword-searchable archive of all issues of Oil & Gas Journal dating back to 1990; also searchable by issue date.
  • Market Journal – a weekly round-up of the oil and gas markets, with observations from leading analysts.
  • Editor's Perspective – a short article of insight and opinion by the Editor of Oil & Gas Journal.
  • OGJ Industry Stats – quick access to current industry statistics from Oil & Gas Journal.
  • OGJ Survey Downloads - quick access to exclusive reports from Oil & Gas Journal.

 

Subscriber Help or Subscribe

Oil & Gas Journal Subscribers: Have your subscription number (from the mailing label on the cover of your Oil & Gas Journal) and e-mail address ready to set up your online account through Customer Service Assistant.

If you're not an Oil & Gas Journal subscriber, start a subscription and gain access to the subscriber areas of OGJ Online now.

Stay Connected