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On the morning of March 5, 1984, George Keller of the Standard Oil Company of California (Socal) still did not have his mind made up about how much to bid. The stakes were high. For sale was Gulf Oil Corporation—one of the original Seven Sisters. But the price was high as well.
Mar 10, 1984 · On Wall Street, the $13.2 billion takeover of the Gulf Corporation - the largest in corporate history - is described as the merger that should not have happened. And a decade ago, Wall Street...
Apr 1, 2016 · After nearly four decades of climbing through the ranks of Gulf Oil Corp., James E. Lee reached the top in the early 1980s—just in time for a takeover battle with T. Boone Pickens. Mr. Lee...
Nov 28, 2019 · Gulf Oil Corp.–Takeover. Summary of Facts. o George Keller of the Standard Oil Company of California (Socal) is trying to determine how much he wants to bid on Gulf Oil Corporation. Gulf will not consider bids below $70 per share even though their last closing price per share was valued at $43.
Gulf Oil was a major global oil company in operation from 1901 to 1985. The eighth-largest American manufacturing company in 1941 and the ninth largest in 1979, Gulf Oil was one of the Seven Sisters oil companies .
May 28, 2024 · Jeff Chiu/Associated Press. By Rebecca F. Elliott. May 28, 2024. A large oil industry deal advanced on Tuesday after shareholders of Hess approved a proposed sale of the company to Chevron for $53 ...
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Gulf Oil was pressured into liquidation while under attack by Boone Pickens of Mesa Petroleum Co. Gulf management was unsure whether to sell out or take the firm private.
