ARCO, BP Amoco seek to assure lawmakers about mergerMurkowski notes Alaskans “sensitive to the power of absentee investors with near-monopoly power” Cassandra Burrell Associated Press Writer
Executives from BP Amoco PLC and Atlantic Richfield Co. spent hours on June 24 trying to assure U.S. senators the deal would benefit consumers and encourage competition in Alaska and elsewhere.
ARCO chairman Mike Bowlin told the Senate Energy and Natural Resources Committee that the $26 billion sto....
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