Conoco/Phillips Near Finish Line
HOUSTON -- Conoco Inc. has scheduled a special meeting of stockholders in Houston March 12 to seek approval for the proposed merger with Phillips Petroleum Co. Phillips' stockholders also will vote on the transaction March 12 in a meeting in Bartlesville, Okla.
Approval of the merger is not guaranteed. Several companies, including Chevron Texaco, Corp. and TotalElfFina are rumored to be putting together hostile bids to acquire Conoco.
Conoco and Phillips jointly filed an S-4 document with the Securities and Exchange Commission (SEC), which is required by the government to register securities in connection with business combinations and exchange offers.
The document was filed under the name of ConocoPhillips, which is expected to be the name of the company if shareholders approver the merger.