AccessMyLibrary provides FREE access to millions of articles from top publications available through your library.
Create a link to this page
Copy and paste this link tag into your Web page or blog:
The Phillips Petroleum Co. stockholders and the Conoco Inc. stockholders last month ratified their muchanticipated merger. The stockholders who voted appeared to like the idea of marriage, by 96% Conoco and 97% Phillips.
A lot has been printed about how the two companies make a good match. The two have been familiar with each other for many years, so it is not like one of those "arranged marriages" in some countries where the only thing one partner knows about the other before the ceremony is a name and maybe a picture. It should work well.
One of the consequences of this merger, however, is the stated intent of the Phillips top management to move the new …