By Dian L. Chu, EconForecast The Getty Oil takeover battle between Texaco and Pennzoil was probably one of the ugliest in Wall Street’s history. In 1984, Texaco swooped in at the last minute with a winning bid before Pennzoil was able to finalize an already agreed-upon deal with Getty Oil. A furious Pennzoil filed suit and started a bitter legal feud that lasted for the following four years, which pushed Texaco into bankruptcy, until a settlement of $3 billion, brokered by Carl Icahn, was reached. At the time, Cal Icahn, a…
***This is a preview. Please go to http://dianchu.blogspot.com , mobile reader http://bit.ly/dianchu-mobile or mobile webstie http://bit.ly/dianchu-wink-m for full content. ****
