Majors' merger rash

With the merger of British Petroleum Co. plc and Amoco Corp. going according to plan, other majors look set to follow their lead in the race to cut unit costs. On Nov. 25, BP shareholders voted almost unanimously at a London meeting in favor of the formation of BP Amoco plc. Amoco's shareholders are expected to follow suit in Chicago on Dec. 10. Tim Whittaker, senior analyst at the London branch of Commerzbank AG, reckons the formation of BP Amoco is virtually certain to be on schedule for

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