BP Amoco’s takeover of Arco goes through

BP Amoco’s takeover of US oil firm Arco went through this week, after clearance from the US Federal Trade Commission and an agreement with ExxonMobil over production in Alaska. The move creates a company with a market capitalisation of more than $200bn.

BP Amoco’s takeover of US oil firm Arco went through this week, after clearance from the US Federal Trade Commission and an agreement with ExxonMobil over production in Alaska. The move creates a company with a market capitalisation of more than $200bn.