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Reuters

* BP Amoco Chief Executive John Browne should soon clear the last hurdle in his marathon run to buy Atlantic Richfield Co., with the Federal Trade Commission expected to approve the $27-billion deal Wednesday. The staff of the U.S. regulatory agency has already recommended approval of BP Amoco’s proposed takeover of Arco, sources familiar with the situation said. BP Amoco’s American depositary shares closed down 6 cents at $51.13. Arco’s shares lost 81 cents to close at $81.75 on the New York Stock Exchange.

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