Bp plc founded 1909, is the parent company of bp group of companies and its business is finding, producing and marketing natural energy resources. The bp-amoco merger: executive significant differences in executive compensation for british petroleum and amoco corporation prior to the merger between. Oil giants british petroleum and us company amoco have unveiled plans to merge, creating a vast oil company, but losing 6,000 jobs worldwide.
Bp amoco ordinary shares and in consequence arco common the merger agreement may be terminated by bp amoco or arco in certain circumstances before the. British petroleum plc said tuesday it has agreed to acquire amoco corp in a deal valued at approximately $48 billion, making it the biggest-ever industrial merger.
British petroleum plc announces that it will acquire american oil giant amoco for $482 billion in stock in largest oil industry merger ever deal would be largest takeover of american.
The merger of bp and amoco was announced on 11 august, and completed on 31 december to have secured full regulatory approval in just 99 working.
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Following the united states federal trade commission's approval of the bp-amoco merger in 1998. On august 11, 1998, amoco announced it would merge with british petroleum (bp) in the world's largest industrial merger originally, the plan was for all us bp service stations to be.