Atlantic Richfield - Response to Press Comment
19 June 1998 - 1:57AM
UK Regulatory
RNS No 1081v
ATLANTIC RICHFIELD COMPANY
18th June 1998
ARCO Confirms Negotiations For Sale of Its Entire
Interest in Chemical Unit
LOS ANGELES, June 18 /PRNewswire/-- ARCO (NYSE: ARC) said today in response to
a story appearing in the Wall Street Journal that it is in negotiations for the
sale of its 80 million shares of ARCO Chemical Company (NYSE: RCM) stock to
Lyondell Petrochemical Company (NYSE: LYO). Lyondell has proposed making a
tender offer to all shareholders of ARCO Chemical. The ARCO Chemical Board is
meeting today to consider the transaction.
NOTE TO EDITORS: For a menu of ARCO'S news releases or to retrieve a specific
release, visit our site at http://www.arco.com/ on the Web./
CONTACT: (media) Tom Goff 213-486-2456, or (investors)
Dennis Schiffel 213-486-1511, both of ARCO/
/Web site: http://www.arco.com/
(ARC RCM LYO)
END
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