CBS Evening News for Saturday, Jan 07, 1984
View other clips in this broadcast →
Material supplied by VTNA may be used for educational analysis or research only. Any editing, reproduction, publication, rebroadcast, public showing or public display may be prohibited by copyright laws.
(Studio) Getty Oil reported accepting in principle Texaco's merger offer; details given.
REPORTER: Bob Schieffer
(NYC) Pennzoil's effort to merge with Getty and Texaco's later maneuver reviewed; Pennzoil reported threatening suit against Getty for its turn-around. Justice Department mentioned investigating possible antitrust violations. Implications of Texaco's takeover for oil and gas reserves discussed. [Shearson/American Express oil analyst Sanford MARGOSHES - explains boost to Texaco's reserves.] Shortage of new oil fields and econs. in exploration thought basis for merger efforts. [MARGOSHES - sees such maneuvers future course for stock exchange.] Texaco merger said largest in United States history.
REPORTER: Liz Trotta
Note to sponsor members: The Vanderbilt Television News Archive video player requires a modern operating system and browser to work properly. If you are experiencing playback problems, check the minimum requirements and adjust your setup accordingly. After adjustments, if you continue to experience problems, please contact us.
Welcome! Above is the abstract of the item that you're interested in viewing from the Vanderbilt Television News Archive's collection. You have three options if you'd like to view this item:
If you believe that you are associated with a sponsoring college or university and have received this message in error, please let us know.