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Non-Tech : British Pete / Amoco Merger -- Ignore unavailable to you. Want to Upgrade?

To: pae who wrote (6)	8/13/1998 11:56:00 AM
From: hoopsville	Respond to of 29

I think the spread is wide because it is a stock transaction. The arbs are afraid that BP's price will decline and the spread reflects that. If it were a cash bid, then the spread would be a lot smaller as the element of risk would be greatly diminished.

To: pae who wrote (6)	8/13/1998 12:50:00 PM
From: cgraham	Read Replies (1) \| Respond to of 29

I agree withthe costof capital accouting for the spread. But best thing to do is pose the question to amoco, I believe they have an e mail on their site. It would be interesting to see what their reponse is. What I'd like to know is if amoco will remain Amoco or whether it will become part of BP under the BP name. I think it would be a shame to lose the Amoco name, but sertainly a lot of execs are good to go. They need to clean up house a bit. Let us know what you find