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Article: BUSINESS BRIEFING.(Business)
- Article from:
- Rocky Mountain News (Denver, CO)
- Article date:
- September 8, 2001
CopyrightCOPYRIGHT 2001 Rocky Mountain News. All rights reserved. Reproduced with the permission of Dialog LLC by Gale Group. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Compiled from The Associated Press, Bloomberg News, Scripps Howard News Service and News staff reports
NATIONAL
Chevron oil deal gets OK
Chevron Corp.'s $46.6 billion purchase of Texaco Inc. to form the world's fourth-largest investor-owned oil company was unanimously approved by the U.S. Federal Trade Commission.
Texaco agreed to sell six U.S. refineries and sever ties with 14,000 retail gasoline stations that in 1998 were placed in two joint ventures with Royal Dutch / Shell Group and Saudi Arabian Oil Co. These assets will be placed in a trust if Texaco and Shell can't agree on a price Shell will pay for the Texaco stakes ...