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| | Oil Merger -- Monday, Apr. 13, 1925 -- Page 1 -- TIME |
 | | Doheny received for his 501,000 shares (out of a total of 1,001,556 voting shares) is not known, but, based on recent market prices, the con- sideration was probably in the neighborhood of $38,000,000. |
 | | Control of the remaining "Pan Pete" properties have been taken over by the Pan American Eastern Petroleum Corporation, on whose board are three representatives of the bankers, three of Standard Oil of Indiana and one of the British interests. |
 | | Through its interest in Pan American Petroleum thus acquired, the Standard Oil Co. of Indiana's assets are increased to $584,000,000 and the market value of its securities to $787,000,000. |
| www.time.com /time/magazine/article/0,9171,720232,00.html (342 words) |
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