Independent journal on economy and transport policy
08:31 GMT+2
Elf caves in to TotalFina
(The Bunker Bulletin)
September 13, 1999
TotalFina and Elf Aquitaine today announced they recommend to their shareholders the "amicable merger of the companies on an equal footing."
In the market, the result of discussions between the two battling French oil majors is seen as a cave-in for Elf, after Elf agreed to withdraw its competing offer and accept TotalFina's improved exchange offer. ...... Read more on The Bunker Bulletin
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