Du Pont acquires Conoco after a historic takeover battle
Shortly after midnight last Wednesday, five cases of Dom Perignon 1970 champagne (price per bottle: $100) were uncorked in a banquet room of the Hotel Du Pont, located in the same gray granite building as Du Pont and Co.'s headquarters in Wilmington, Del. Chairman Edward Jefferson had gathered some 60 top advisers, secretaries, chauffeurs and the pilots of the company's jets to celebrate Du Pont's victory in the greatest takeover struggle in American corporate history. Only 160 miles to the north, in Stamford, Conn., Conoco executives met in Chairman Ralph Bailey's office for...
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