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<a href="http://www.accessmylibrary.com/coms2/summary_0286-19537028_ITM" title="Facts and information about Abramovich Halts Sibneft-Yukos Merger.">Abramovich Halts Sibneft-Yukos Merger.</a>
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Abramovich Halts Sibneft-Yukos Merger.
(From The Moscow Times)
Sibneft called a halt to its landmark $35 billion merger with Yukos on Friday, a brash move that stunned the market and all but derailed the creation of Russia's first oil supermajor.
The last-minute announcement came amid signs that the Kremlin is intent on further crippling the fortunes of Yukos' owners, two of whom, Mikhail Khodorkovsky and Platon Lebedev, are in jail on charges of fraud and tax evasion.
"The completion of the merger between Yukos and Sibneft has been put on hold in accordance with a mutual agreement reached by the shareholders of both companies," Sibneft said in a statement issued just minutes before ...
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