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Non-Tech : British Pete / Amoco Merger
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To: Lincoln Landis who wrote (20)9/2/1998 9:28:00 AM
From: pae  Read Replies (1) of 29
 
Your broker is correct that the ADR price is the price for BP shown on the NYSE. But, as stated in the original post on this thread:

AN holders get 3.97 shares of BP ordinary shares in the form of BP ADRs which are worth 6 ordinary shares.

So I stand by my original post. I believe your broker is mistaken. Note that the "ordinary" shares trade in London.
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