ARCO, Union Texas to merge in $3.3 billion buyout of UTPIn Alaska, the merger will increase ARCO's 56 percent interest in the Alpine field to 78 percent and bring ARCO back into the eastern North Slope Kuvlum unit as a 20 percent owner PNA Staff
ARCO and Union Texas Petroleum Holdings Inc. said May 4 that they have signed a definitive merger agreement which was unanimously approved by the boards of directors of both companies. Under the terms of the deal, ARCO will acquire for cash all outstanding shares of Union Texas common stock for $29....
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