SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : Strictly: Drilling and oil-field services -- Ignore unavailable to you. Want to Upgrade?

To: SJS who wrote (27500)8/11/1998 9:24:00 AM
From: Platter  Respond to of 95453
 
09:15 ET: Rumors of Indonesian default prove unfounded... An August principal payment was not made, but that move had apparently been agreed upon previously as part of a debt rescheduling plan... Negative tone persists, however, as prospects for economic recovery in Japan dim... Oil sector likely to buck the early trend amid M&A activity, highlighted by a British Petroleum (BP)-Amoco (AN) merger that will create a company with about $110 bln in market cap... Also, R&B Falcon (FLC) to buy Cliffs Drilling (CDG) for $414.3 mln in stock... Taken from briefing.com



To: SJS who wrote (27500)8/11/1998 9:31:00 AM
From: Platter  Read Replies (2) | Respond to of 95453
 
British Petroleum ADS (BP) 76: --UPDATE-- integrated global oil concern is acquiring Amoco Corp. (AN 41) for $50 in stock, a 22% premium, based on yesterday's closing price; following merger, BP will own 60% of new company and AN will hold 40% ownership..from briefing.com


HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News