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Both companies agreed to intend to close the transaction shortly after 2100 hours London time on December 31, 1998, when Amoco's stock will leave the Standard & Poor 500 and the shares of the merged group, BP Amoco p.l.c., will be listed on the London Stock Exchange. With a market capitalization of more than $140 billion, BP Amoco p.l.c. is the Britain's biggest company and one of the world's top three oil majors.
"We aim to play a leading role in meeting the world's needs for oil, gas, solar power and petrochemicals without damaging the environment."
BP AMOCO'S WORLD
The BP Amoco group stands out as a complete provider of energy and petrochemicals...
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