Source data
BP's 1998 Amoco merger and 2000 ARCO transaction sequence
Sources checked
- 31 December 1998BP and Amoco merge
Amoco becomes a wholly owned subsidiary of renamed BP Amoco Source 1
- 4 October 1999BP depositary shares split
Two for one, relevant to historic exchange ratios Source 2
- 13 April 2000FTC accepts proposed consent order
Clearance conditions include divestitures in Alaska and around Cushing Source 3
- April 2000ARCO combination takes effect
1.64 BP depositary shares per ARCO common share Source 2
- 25 April 2000ARCO Alaska assets transfer
Phillips acquires the divested business Source 4
The second acquisition and the Alaska divestiture completed in the same month.
BP's 1998 Amoco merger and 2000 ARCO transaction sequence
Shareholder exchange ratios are in BP American Depositary Shares on the post-October 1999 split basis used in BP's FAQ.
| Source | |||
|---|---|---|---|
| 31 December 1998 | BP and Amoco merge | Amoco becomes a wholly owned subsidiary of renamed BP Amoco | Source 1 |
| 4 October 1999 | BP depositary shares split | Two for one, relevant to historic exchange ratios | Source 2 |
| 13 April 2000 | FTC accepts proposed consent order | Clearance conditions include divestitures in Alaska and around Cushing | Source 3 |
| April 2000 | ARCO combination takes effect | 1.64 BP depositary shares per ARCO common share | Source 2 |
| 25 April 2000 | ARCO Alaska assets transfer | Phillips acquires the divested business | Source 4 |