sources are mainly quality‚ service‚ speed‚ innovation and cost competitiveness. Successful companies always attempt to deliver them all in order to survive‚ especially when the competition gets brutal during a slow economy. One of these Companies is Gulf Ferro Alloys (Sbayek). Background Sabayek is a producer of Ferro Silico-Manganese (FeSiMn)‚ which is one of the Ferro Alloys used in Steel manufacturing. In simple words‚ (FeSiMn) is made by smelting a mixture of mainly Manganese ore
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Hostile Takeover And Defenses Acquisitions are ordinarily done through negotiations . Negotiations are always done with the maximum holder of shares ‚ the effective owners say who are able to transfer over 50% shares . By this method not only ownership of the company is acquired but also smooth takeover of the Board of the company and employees is possible by way of agreement . But in the case of Hostile Takeover ( not negotiated or friendly takeover ) while attempting the takeover by the bidder
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unstated reasons for acquisitions: 1. Megalomania 2. Hubris spirit Forms of Business Combinations 1. Consolidation: result: a new firm e.g. Sandoz + Ciba Geigy = Novartis 2. Merger: result: only one survive e.g. HDFC BK + TIMES BK = HDFC 3. Takeovers: control over mgmt thru substantial portion of its equity. e.g. Credit Swiss Group controlled First Boston’s Mgmt thru Equity acquisition. Both remained in existence. 4. Asset purchases: A buyout a division or assets of T e.g. Coca-Cola paid Rs
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Problems Q.1 Consider a five-year coupon bond with a face value of $1000 paying an annual coupon of 15%. (i) If the current market yield is 8%‚ what is the bond’s price? (ii) If the current market yield increases by 1% what is the bond’s new price? (iii) Using your answers to part (i) and (ii) ‚ what is percentage change in the bond’s price as a result of 1% increase in interest rates. Q.2 Consider the following FI balance sheet: M. Match Ltd Assets | Liabilities | 2 –year Treasury bond
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Case Study #1 #1- Did any of the following individuals in Texas Gulf Sulphur violate civil or criminal law by breaching a Fiduciary duty or engaging in insider trading: Drake: A geologist and junior member of the exploration group who was authorized with confidential information. Although Stephens made it clear that the information about the Canadian Shield should be kept within the selected group of employees‚
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Morrison Takeover Safeway Plc Marketing Essay Rappaport (1998) stated that‚ the basic objectives of making acquisition is identical to any other investment associated with a company’s overall strategy‚ i.e. to add value. In practise‚ the motivation for expansion through merges‚ and the diverse range of issue such as action rises by using discounted cash flow technique. First of I would like to define merges and acquisition:- MERGES- Is used to mean the combing of two business entities which result
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Gulf of Tonkin Resolution Guiding Questions Most history books say that the United States war in Vietnam began in 1964‚ after Congress passed the Gulf of Tonkin Resolution. However‚ it’s no secret that the United States had been very involved in the region for at least a decade before. By the time JFK was assassinated in 1963‚ the United States had 16‚000 military troops in Vietnam. Today we’re going to try to answer the question: Was the U.S. planning to go to war in Vietnam before August
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Gulf Oil Corporation Time lag in reserve use Barrels 3‚038 725 2‚313 End of 1983‚ Gulf reserves (Ex 3) less projected expropriations Estimated reserves 1983 production of 290 barrels suggests it takes about 8 years (2‚313/290) to produce discovered oil. We’ll thus use an eight-year cycle. Gulf Oil Corporation 4 What is Gulf worth? To assess their value we proceed as follows. 1. Identify key assumptions. Finding cost per barrel E&D outlays usually take a year to produce reserves
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1975 GULF OIL REFINERY FIRE In the early hours of August 17‚ 1975‚ a tragic disaster occurred on the Gulf Oil refinery in Philadelphia‚ Pennsylvania. This horrific disaster took the lives of eight firefighters‚ and potentially could have taken more lives if it wasn’t for the help of many surrounding fire stations. The cause of the fire was the overfilling of Tank 231. While no crude oil escaped from the tank as a result of being overfilled‚ large quantities of hydrocarbon vapors were trapped above
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Introduction - The Persian Gulf The Persian Gulf is a geographical area in the Middle East. It is located in the Western Asia between Iran (Persia) and the Arabian Peninsula. The basin countries include: Iran‚ Iraq‚ Kuwait‚ Saudi Arabia‚ Qatar‚ Bahrain‚ United Arab Emirates‚ Oman and the Musandam Governorate. This land is well-known because of the oilfields and natural gas fields but also for different good fishing grounds‚ extensive coral reefs‚ and abundant pearl oysters even though this activities
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