StudentShare
Contact Us
Sign In / Sign Up for FREE
Search
Go to advanced search...

Market for Corporate Control - Essay Example

Cite this document
Summary
FINANCE Name Finance (Market for Corporate Control) Date Shell oil company background Shell Oil Company is the subordinate of the Royal Dutch Shell in the United States. The Royal Dutch Shell which is of Anglo Dutch origin is among the biggest oil companies in the world in the oil industry…
Download full paper File format: .doc, available for editing
GRAB THE BEST PAPER96% of users find it useful
Market for Corporate Control
Read Text Preview

Extract of sample "Market for Corporate Control"

Download file to see previous pages

These stations act as its most visible presence in the public domain. Shell Oil Company is in partnership with Saudi Aramco Company which is owned by the Saudi Arabian Government with each company having a 50% stake in Motiva enterprises. This is a marketing and refining venture which operates and owns three oil refineries in the Gulf Coast of USA. It also has an 80% share holding in Pecten which is an exploration company that drills many off shore areas including the oil basin in Douala in partnership with Elf Acquitaine that is owned by the French Government.

In 1997, Texaco and Shell entered into two joint marketing and refining ventures. One of these ventures was known as Equilon which was a combination of their western and mid western operations. The second one combined gulf coast and eastern operations of Star Enterprise and Shell Oil which on its own was a joint business between Texaco and Saudi Aramco. In 2001 Shell bought Texaco’s shares in the joint partnership after Texaco combined with Chevron. However, in 2002 began converting this Texaco stations to stations with the brand name Shell.

This process was completed in 2004 and is viewed as the biggest retail rebranding process in American history. Woodside petroleum Company Background Woodside Petroleum Limited is a company based in Australia that deals in the production and exploration of oil. It is a public organisation and is based in Perth. Woodside was built in 1954 and was originally known as Woodside Oil Co NL named after Woodside which is a small town in Victoria. In the beginning Woodside did business mostly in Gippsland Basin which is situated in Western Australia but in 1960 it switched its focus to North West Australia.

It later on merged with Burmah oil and Shell to create the North West shelf group. Burmah was later on replaced with BHP and together with Shell held 40% of shares each in Woodside. However, in 1990 both Shell and BHP decided to reduce their shares down to 34%. In 1994 BHP sold its remaining shares with each share being sold at $32. Shell decided to sell about 60% of its remaining shares to organizational investors, therefore, reducing its shares in the partnership to 24%. Woodside Petroleum Company has continued with development and exploration activities within Australia and has expanded its operations to other regions most notably the Gulf of Mexico.

In Australia it is focusing on developing liquefied natural gas products in. It also manages the operations of the Vincent and Enfield oil fields which are located offshore Exmouth and Laminaria-Corallina oil fields in Northern Australia. In terms of management Peter Coleman is the current Chief Executive Officer at Woodside Petroleum Company. It is estimated that Woodside Petroleum Company is worth $27 million. Partnership of Shell Oil Company and Woodside Petroleum Company Woodside is in a partnership with Shell in the North West Shelf LNG joint operation in Western Australia.

This is the biggest resource project in Australia3. In 2001 shell attempted a takeover of Woodside Petroleum Company’s share in the partnership but its efforts were rejected by the Foreign Investment Review Board and Peter Costello who was the Australian Treasurer due to National interest. However, Shell still maintains a 34% of shares in Woodside and has conducted studies on the possibility of placing a new bid, but, Australian analysts do not expect any offer to go through because

...Download file to see next pages Read More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Market for Corporate Control Essay Example | Topics and Well Written Essays - 1000 words”, n.d.)
Retrieved from https://studentshare.org/finance-accounting/1398297-finance
(Market for Corporate Control Essay Example | Topics and Well Written Essays - 1000 Words)
https://studentshare.org/finance-accounting/1398297-finance.
“Market for Corporate Control Essay Example | Topics and Well Written Essays - 1000 Words”, n.d. https://studentshare.org/finance-accounting/1398297-finance.
  • Cited: 0 times

CHECK THESE SAMPLES OF Market for Corporate Control

Takeovers Directive as a Piece of Legislation

More specifically, in the UK, a takeover refers to the purchase of a public company whose shares are listed on a stock exchange… The Takeovers Directive Is An Ineffective Piece Of Legislation Designed To Create An Unachievable Single market for Takeover Activity.... In the UK, for instance, a reverse takeover refers to a one-year acquisition of a company, which causes fundamental changes in its business and board voting or control.... Corporate governance refers to the set of rules, processes and practices that a company uses for control and direction....
24 Pages (6000 words) Essay

Diversifications Effect on Firm Value: Mergers and Acquisitions

In the corporate backdrop, it translates to the combination of two entities to produce larger profitability than the total of the two separately.... Growth may be lateral (increase in market size or share) or vertical (backward or forward integration) within the same industry or diversification into a new line of business....
14 Pages (3500 words) Research Proposal

Impact of Acquisition on Industry: Case of Vodafone

“An Emerging Market for Corporate Control?... The Mannesmann Takeover and German corporate Governance.... It is the “fourth largest company in the world by market capitalization” (Quigley, 2000) in 2000.... It had a market capitalization of 150 million Euros....
2 Pages (500 words) Case Study

Business Strategy of Hon Hai

While 'business strategy' represents the goal of the company to attain sustainable competitive advantage in one of the businesses of the company, 'corporate strategy' represents the objective of the company to manage multi-business activities to create a corporate-wide advantage that will benefit each of the business the company owns and operates.... The corporate strategy looks into the opportunities available to the company both internally and externally to enhance its competitive strengths and sustain its sales growth and profitability....
9 Pages (2250 words) Case Study

Corporate governance

These are introduced by the law “relating to directors' duties, supervision via non-executive directors, executive compensation agreements, managerial labour markets that respond to past performance, the Market for Corporate Control, discipline exercised by creditors, and competitive product markets”.... We discuss the possible reasons why this approach has been preferred to legislation in the UK and contrast to that adopted in the… The UK model of corporate governance is based on the principle of ‘comply and explain....
5 Pages (1250 words) Essay

The ECs 13th Company Law Directive

The question for consideration, is whether or not the 13th Company Law Directive is able to contribute to achieving this goal and thereby serve as the right instrument for pan-European Market for Corporate Control and at the same time facilitate cross-border takeovers.... Other residual threats to harmonization and by extension, threats to a pan-European Market for Corporate Control, and the facilitation of cross-border takeovers will be explored.... Another identifiable purpose is the facilitation The Commission perceived that the Directive on takeovers was necessary for pan-European corporate control via the reconstruction of common rules and procedures applicable to the single market and minority shareholder protection in takeovers....
7 Pages (1750 words) Essay

Transition of Team Management to Department Management in the Banking Sector

This paper outlines the aspects of the transition of team management to department management in the banking sector and its impact on the “P” dimensions in increasing priority.... hellip; A leader should first and foremost focus on socio-cultural integration.... To create  a  new  structure, manage  the  change  process,  retain  and motivate key employees, communicating with  the diverse stakeholders are among  the key tasks  to  engage  in....
12 Pages (3000 words) Research Proposal
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Contact Us