The Canadian subsidiary of Amoco Corp. completed...

The Canadian subsidiary of Amoco Corp. completed the largest corporate takeover in Canada’s history--the $5.5-billion ($4.4-billion U.S.) acquisition of the once high-flying oil explorer Dome Petroleum Ltd., brought low by debt and plunging oil prices. The merger makes Amoco Canada Petroleum Co. one of Canada’s top three oil and gas companies in terms of oil and liquids reserves and makes its parent, Chicago-based Amoco Corp., North America’s top gas producer. Under the deal, Amoco Canada will gain Dome’s vast Canadian oil and gas assets, which were worth about $4.1 billion ($3.3 billion U.S.) at the end of 1987.