This article dealt with the Gulf Oil takeover. Standard Oil Co. of California's (Socal) opportunity came virtually overnight. The Gulf Corporation, the nation's fifth largest petroleum company, had been under siege from an investor group seeking to
Gain control of the company and sell it piecemeal for a quick profit. After warding off a takeover bid, Gulf's Board of Directors chose to offer the company up for sale.
George Keller of Standard Oil Company is deciding whether of not to take it over and how much to bid on the