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Transactions

Nov. 7, 2000

Pillsbury Madison: CHEVRON, TEXACO PREPARE FOR A $36 BILLION MERGER

Chevron Corp. has agreed to acquire Texaco Inc. for $36 billion. Chevron also will acquire $7 billion of Texaco's debt. San Francisco's Chevron Corp. is the second-largest oil company in the United States. The company runs more than 8,000 gas stations and is involved in exploration, production, transportation and refining of oil and gas. Texaco, based in White Plains, N.Y., markets fuel and lubricants at nearly 40,000 stations worldwide.

        Chevron Corp. has agreed to acquire Texaco Inc. for $36 billion. Chevron also will acquire $7 billion of Texaco's debt.
        San Francisco's Chevron Corp. is the second-largest oil company in the United States. The company runs more than 8,000 gas stations and is involved in exploration, production, transportation and refining of oil and gas. Texaco, based in White Plains, N.Y., mark...

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