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Oil firms push into chemical fertilizer field
New York AP reports major oil companies move into fertilizer, leveraging by products like ammonia. Deals include Second Mobil Oil stockholders vote November 20 on Virginia Carolina Chemical $80 million stock acquisition. Cities Service bought Tennessee Corp. and Continental Oil and American Agricultural Chemical consolidate. DOJ reviews possible antitrust impacts.
MENTIONED IN THIS ARTICLE
New York
Second Mobil Oil Co
Virginia-Carolina Chemical Corp
Cities Service Corp
Tennessee Corp
Florida
Continental Oil Co
American Agricultural Chemical Co
Justice Department