Dome and Amoco signed a definitive merger pact.
Dome will meet with its creditors, who are owed $6.3 billion, on Thursday in Toronto to release details of the package. Officials of financially troubled Dome Petroleum said the definitive agreement followed the signing of a binding memorandum of agreement on April 18, whereby Dome agreed to the takeover worth close to $5.1 billion. The final agreement had to be reached by Friday or the interim deal would have been void. The Canadian government, creditors and shareholders still must approve the deal before Amoco Canada Petroleum takes possession of Calgary-based Dome’s assets.
More to Read
Inside the business of entertainment
The Wide Shot brings you news, analysis and insights on everything from streaming wars to production — and what it all means for the future.
You may occasionally receive promotional content from the Los Angeles Times.