OCR Text |
Show PETROLEUM COMPANIES ENTER GIANT MERGER NEW YORK. Aug 23. Official an-noiineement an-noiineement of the conclusion of negotiation nego-tiation for ih'3 merger of the International Inter-national Petroleum company, limited, a subsidiary of the Standard Oil Con pnny of New Jersey and the Tropica! OU cnmpan. controlled by the Bene- ' dum Troes Treat-Crawford Interests of Pittsburg, a deal involving approximately approxi-mately $100,000,000 was made toda) I By the terms of the mercer. It la planned to organize a new lnternation- jn' Petroleum company, limited, under the laws of Canada, with an authorised , Issue of at least 5100.000 preferred shares, par value $5 and nt least 7.- 'us.ioS common shares of no pur value ' The Tropical company has outatund ing approximate!) 1.575,000 Bhares and jthe International has Issued 2,606.802 shares of common and 100,000 shares I of preferred. |