British Pete / Amoco Merger | Stock Discussion Forums

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British Pete / Amoco Merger

An SI Board Since August 1998

Posts	SubjectMarks	Bans
29	0	0

Emcee: pae	Type: Unmoderated

Introduction Compact

AN holders get 3.97 shares of BP ordinary shares in the form of BP ADRs which are worth 6 ordinary shares. So I figure AN is worth 4/6 of a BP ADR. BP ADRs currantly trade at 81, AN at 48. But 4/6*81=54. So short BP ADRs, and go long AN? How much of a discount is any regulatory risk worth? What do you think?

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Reply	Message Preview	From	Recs	Posted
29	Any new information?	Lincoln Landis	-	12/27/1998
28	Nothing unique to offer, just the usual: quote.yahoo.com I bailed some time ag	pae	-	11/3/1998
27	Any news regarding severences in the new BP/Amoco combine? w.	w molloy	-	11/3/1998
26	Mystery spread update ... From 9/14/98 13:10 AN=51.9375 Amoco la	pae	-	9/14/1998
25	Isn't that the truth! Just got done picking up some income stuff for an ac	Lincoln Landis	-	9/8/1998
24	And even when you think you understand ... you still have the mystery spread..	pae	-	9/8/1998
23	I know. Got an e-mail from BP itself (boy, it sure is hard getting to sharehol	Lincoln Landis	-	9/4/1998
22	Your broker is correct that the ADR price is the price for BP shown on the NYSE	pae	-	9/2/1998
21	Answering my own question, according to my broker, the ratio is as follows: AN	Lincoln Landis	-	9/1/1998
20	I talked to my broker (before the Monday debacle), and SHE said that the ADR pr	Lincoln Landis	-	9/1/1998
19	I don't understand. Please help. Let me see...if one had 15000 shares of	Lincoln Landis	-	8/25/1998
18	Haven't there been US buyouts of British companies in the energy sector? Wi	pae	-	8/16/1998
17	In the News "Regulators may take several months"	SunriseShines	-	8/15/1998
16	Slanderous? I doubt it. Please observe however, that cathleen has finally admit	pae	-	8/14/1998
15	Slanderous staements from PAE... If he would tel me what happened I could try a	cgraham	-	8/14/1998
14	I think the Midwest already has a fairly decent population of BP stations and f	cgraham	-	8/14/1998
13	This is Cathleen Graham. I am stating my name because it appears I am being co	cgraham	-	8/14/1998
12	Followup: upon attempting to de-register from stockholder.com and be removed fr	pae	-	8/14/1998
11	Stockholder.com is a spam site. Do not register there - you will be spammed imm	pae	-	8/14/1998
10	Last I heard, BP/Amoco will use the Amoco name in most of the US with the excep	pae	-	8/14/1998
9	No not trying to promote anything. Don't need to . On other board that I wa	cgraham	-	8/13/1998
8	I agree withthe costof capital accouting for the spread. But best thing to do i	cgraham	-	8/13/1998
7	I think the spread is wide because it is a stock transaction. The arbs are afr	hoopsville	-	8/13/1998
6	Current prices and spread for AN/BP: AN=48.5625 BP=78.1875 4/6*78.2=52.1 52	pae	-	8/13/1998
5	Interesting link. The Dryers should be flattered. (Imitation IS the purest form	pae	-	8/13/1998

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