Amoco Corp. officials are continuing to meet...
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Amoco Corp. officials are continuing to meet with creditors of Dome Petroleum Ltd. of Canada in an effort to work out details of a buyout proposal stymied by Dome’s staggering debts. Chicago-based Amoco, a major U.S. oil company, offered $3.87 billion in April, but most of Dome’s 54 lenders have rejected the bid as inadequate because they would have to forgive about $1.16 billion in debt. Dome owes about $4.78 billion to its creditors.
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