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Williams sweetens offer for stake in Lithuanian oil for stake in Lithuanian oil

Jul 23, 1998
Parker Ruis

VILNIUS – Price negotiations are rarely a simple undertaking. The larger the stakes, the greater the need for caution. And so with a 33 percent stake in the three major Lithuanian oil companies hanging in the balance, neither the potential purchaser, John Bumgarner, president of the Williams International oil company, nor Lithuanian government officials were prepared to make any hasty decisions regarding the price tag.Bumgarner arrived in Vilnius July 13, for a two-day round of negotiations. An ...

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