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1. • • A Canadian unit of the Amoco Corporation completed the largest corporate takeover in Canada's history: the acquisition, worth $5.5 billion (Canadian), or about $4.4 billion, of the once-high-flying oil explorer Dome Petroleum Ltd. Amoco will gain the huge Canadian oil and gass assets of Dome, which was brought low by debt and plunging oil prices, but will also take on Dome's debt of $6 billion (Canadian).
     www.nytimes.com/1988/09/02/business/company-news-amoco-completes-takeover-of-dome.html

     COMPANY NEWS; Amoco Completes Takeover of Dome

2. People also ask

   When did Amoco buy Dome Petroleum?

   • In November 1987, after months of negotiation, an agreement in principle was reached to enable Amoco Canada Petroleum Co Ltd to buy Dome for $5.5 billion. The purchase was finally completed 1 September 1988. Interested in energy production? Dome Petroleum Limited was a Canadian energy company with head offices in Calgary.

   Dome Petroleum Limited - The Canadian Encyclopedia

   www.thecanadianencyclopedia.ca/en/article/dome-petroleum-limited

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   Does Amoco have a deal with Dome?

   • Amoco and Dome have reached a binding agreement for Amoco to acquire Dome. Amoco Canada Petroleum Co., wholly owned by Chicago-based Amoco, made the announcement from its Calgary headquarters. Analysts expect other bids to follow, but both companies have stated that the deal is final.

   Amoco Plans to Pay $3.9 Billion for Struggling Dome Petroleum

   www.latimes.com/archives/la-xpm-1987-04-19-mn-2011-story.html

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   How much does Amoco cost?

   • $87.34 bil. $199.76 bil. Amoco Corporation, former American oil company, one of the largest producers and marketers of petroleum products in the United States, which was bought in 1998 by the giant British Petroleum (BP PLC).

   Amoco Corporation | American Oil & Gas Company | Britannica Money

   www.britannica.com/money/Amoco-Corporation

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   Why did dome fail?

   • Dome's problems worsened as a result of the 1986 drop in world oil prices. In November 1987, after months of negotiation, an agreement in principle was reached to enable Amoco Canada Petroleum Co Ltd to buy Dome for $5.5 billion. The purchase was finally completed 1 September 1988.

   Dome Petroleum Limited - The Canadian Encyclopedia

   www.thecanadianencyclopedia.ca/en/article/dome-petroleum-limited

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   How did dome become a company?

   • Started in 1950 as Dome Exploration (Western) Ltd, the company became Dome Petroleum Limited in 1958 and grew by making acquisitions in the energy industry. Most famous was the 1981 acquisition of Hudson's Bay Oil and Gas Company Limited: Dome acquired a 52.9% interest through its wholly owned subsidiary, Dome Energy Limited.

   Dome Petroleum Limited - The Canadian Encyclopedia

   www.thecanadianencyclopedia.ca/en/article/dome-petroleum-limited

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   When did Amoco become a company?

   • The byname Amoco was increasingly used as a brand and corporate name, and in 1985 the Standard Oil Company (Indiana) officially became the Amoco Corporation. By that time the company occupied a soaring stone-clad headquarters building that it had built (1970–72) near Chicago’s lakefront.

   Amoco Corporation | American Oil & Gas Company | Britannica Money

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3. www.thecanadianencyclopedia.ca › en › articleDome Petroleum Limited - The Canadian Encyclopedia

   www.thecanadianencyclopedia.ca › en › article

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   Feb 7, 2006 · In November 1987, after months of negotiation, an agreement in principle was reached to enable Amoco Canada Petroleum Co Ltd to buy Dome for $5.5 billion. The purchase was finally completed 1 September 1988.

4. www.upi.com › Archives › 1987/12/21Canada approves Amoco-Dome deal - UPI Archives

   www.upi.com › Archives › 1987/12/21

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   Dec 21, 1987 · TORONTO -- The Canadian government Monday approved Amoco Corp.'s proposed $4.18 billion ($5.5 billion Canadian) takeover of debt-burdened Dome Petroleum Ltd., a deal that would create one of...

5. www.latimes.com › archives › la-xpm-1987/05/15-fiDome revealed the terms of Amoco Corp’s offer.

   www.latimes.com › archives › la-xpm-1987/05/15-fi

   May 15, 1987 · Dome reported the terms of Chicago-based Amoco's $3.86-billion takeover bid to its 60 major creditors, but there were indications that the offer could fail.

6. www.britannica.com › money › Amoco-CorporationAmoco Corporation | American Oil & Gas Company - Britannica Money

   www.britannica.com › money › Amoco-Corporation

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   Oct 6, 2024 · In 1988 Amoco acquired Dome Petroleum, Ltd., which held large oil and natural gas reserves in Canada. By the end of the 20th century, American operations still accounted for more than half of Amoco’s total assets, though the company was also active in some 40 other countries in the areas of production, refining, and marketing.

7. www.chicagotribune.com › 1987/06/01 › dome-debt-lastDOME DEBT LAST BARRIER FOR AMOCO – Chicago Tribune

   www.chicagotribune.com › 1987/06/01 › dome-debt-last

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   Aug 9, 2021 · Amoco Corp.`s decision to open its Canadian subsidiary to partial Canadian ownership after it takes over Dome Petroleum Ltd. could be a key in getting Dome`s creditors to accept the $3.9...

8. www.tandfonline.com › doi › fullCapital structure and business failure: The collapse of ...

   www.tandfonline.com › doi › full

   Jan 30, 2024 · Dome was emerging as Canada’s global energy behemoth that would take its place alongside the likes of today’s Royal Dutch Shell, British Petroleum, and Exxon Mobil. One year later, the company had lost 80% of its value. After years of death throes, it was taken over by the American oil giant Amoco Petroleum in 1988.