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Oil Co. Mergers #89106

ABC Evening News for Tuesday, Mar 20, 1984
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(Studio) Senator noted considering moratorium on oil company mergers.
REPORTER: Peter Jennings

(DC) Mesa Petroleum chairperson T. Boone Pickens, Junior's role in oil company merger trend discussed. [Senator Warren RUDMAN - accuses minority of wealthy controlling lives of many.] [PICKENS - defs. mergers as economy sound; explains.] Econs. involved in oil exploration detailed; financial growth of Mesa as result of Pickens' unsuccessful efforts to take over 3 oil companies in recent years noted. Texaco-Getty, Royal Dutch Shell-Shell of US, Socal-Gulf, Mobil-Superior Oil mergers reported resulting from Pickens' maneuvers on stock market [Senator J. Bennett JOHNSTON - explains need for moratorium on mergers.] [PICKENS - feels money exists for sound exploration projects.]
REPORTER: Dan Cordtz

Cordtz, Dan;
Jennings, Peter

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