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Politics : PRESIDENT GEORGE W. BUSH
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To: Rambi who wrote (46082)10/13/2000 11:42:26 PM
From: ColtonGang  Read Replies (1) of 769667
 
Look what's happening over at the oil patch........

Chevron Is Said to Be Close to Deal to
Acquire Texaco

By ANDREW ROSS SORKIN and NEELA BANERJEE

he Chevron Corporation, the nation's
third-largest oil company, is close to an
agreement to acquire Texaco Inc. for about
$36 billion in stock plus the assumption of
debt, according to executives close to the
negotiations.

Both boards are planning to meet over the
weekend and an announcement of the deal,
which would create the fourth-largest oil
concern in the world, could be made as early
as Monday, the executives said...............................................................................Now there are three.........EXXONMOBIL,BPAMOCO and CHEVRONTEXACO. GAS at the pump will only get more expensive with only 3 companies out there. I'll bet Bush will back this merger too!
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