Gulf Oil was acquired in 1985 for $13.2B. What was the acquisition price?

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Multiple Choice

Gulf Oil was acquired in 1985 for $13.2B. What was the acquisition price?

Explanation:
The main idea is that the acquisition price is the amount paid to buy the company. Gulf Oil was acquired in 1985 for 13.2 billion dollars, so the acquisition price is 13.2 billion. The other numbers don’t match the actual deal value, so they aren’t the amount that Gulf Oil sold for. This large figure reflects the scale of that takeover in the oil industry during that era.

The main idea is that the acquisition price is the amount paid to buy the company. Gulf Oil was acquired in 1985 for 13.2 billion dollars, so the acquisition price is 13.2 billion. The other numbers don’t match the actual deal value, so they aren’t the amount that Gulf Oil sold for. This large figure reflects the scale of that takeover in the oil industry during that era.

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