Gulf Oil Corp.--Takeover Summary of Facts o George Keller of the Standard Oil Company of California (Socal) is trying to determine how much he wants to bid on Gulf Oil Corporation. Gulf will not consider bids below $70 per share even though their last closing price per share was valued at $43. o Between 1978 and 1982‚ Gulf doubled its exploration and development expenses to increase their oil reserves. In 1983‚ Gulf began reducing exploration expenditures considerably due to declining oil prices
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Executive Summary Given the facts in the information provided‚ we do not feel that an offer of more than $64.17 per share is justified. We recommend that management still submit this bid even though it will probably be rejected. Gulf Oil may be forced to accept a bid lower than $70 per share in the event financing falls through for competitors or other unforeseeable circumstances evolve‚ such as regulation by FTC. The numbers presented below are reliant upon estimates‚ which makes the findings
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The Gulf oil spill exploded on April 20th‚ 2010. It is known as the worst oil disaster in U.S. history. 11 people died along with the sinking of the Deepwater Horizon oil rig. The oil pipe was leaking oil 42 miles off the coast of Louisiana and was estimated of leaking 3.19 million barrels of oil into the Gulf. The well was located 5‚000 feet beneath the ocean surface. It took them 87 days to finally cap the well. At that point the damage had already been done. Oil reached the shores of Alabama‚
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Standard Oil Company of California (Socal) is considering how much to bid for Gulf Oil Corporation (Gulf)‚ which is currently in the middle of a bidding war. Gulf is unwilling to consider bids below $70 per share even though their share price was $39 at the time Boone Pickens began purchasing shares in the hopes of a takeover. II. Statement of Facts and Assumptions Under the direction of James Lee‚ Gulf pursued a twofold strategy. First‚ Gulf renewed its focused on oil whereas in the past‚ Gulf had developed
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Gulf Oil Spill Paper ENV/100 January 09‚ 2013 Gulf Oil Spill Paper On April 20‚ 2010 an explosion on an oil rig in the gulf of Mexico killed 11 people but also unleashed “the worst environmental disaster in U.S. history”(Center for Biological Diversity). A study I came across when researching this disaster by the Center for Biological Diversity shows us the more than 82‚000 birds‚ about 6‚000 sea turtles‚ and nearly 26‚000 other marine animals were harmed due to this oil spill. Not only were
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Business 352 Gulf Oil Company Sarah Barrette‚ Trevor Haug‚ Tyler Crawley‚ Maxwell Steimle Group #1 10/31/12 Table of Contents Recent History Page 3 The Takeover Pages 3-4 The Auction Page 5 Financial Analysis Page 5-6 Standard Oil Company of California’s Alternatives Page 6 Recommendations Page 7 Works Cited Page 8 Appendix Balance Sheet (Table 1) Appendix 1 Operating Sheet (Table 2) Appendix 2 Financial Analysis (Table 3) Appendix 3 Give appropriate
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The Gulf of Mexico along the Louisiana coast has experienced countless oil spills but unlike those BP’s oil spewed directly from the bottom of the ocean. It is difficult to accurately determine the complete extent of the damage caused by the oil spill because data on the condition of the environment in that area before the disaster is lacking. Even now the effect on organisms such as those in deep-water marine communities is hard to determine. But one thing is certain; the oil spill impacted every
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Seunghwan Lee Professor Poe En 102 11/08/2010 Causes and Effects of Gulf Oil Disaster As the situation of environment is becoming worse than ever these days‚ the explosion of Deepwater Horizon ship has been making things the worst with the enormous damages since this incident happened on April 20th 2010. This disastrous accident happened under the 2nd biggest oil company BP’s poor responsibility. According to this accident‚ about 30 laborers died or got deadly hurt then the ship started to
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Analysis: Gulf Italia Nicolo Pignatelli and Gulf Italia: Case Analysis 1. Pignatelli should first and foremost properly assess the ethical dilemma he faces. The problem before him comes down to the decision between two outcomes both with their share of benefits and risks. He can follow guidelines by waiting several months to receive a response from the Italian government while losing millions of dollars and risking his reputation and fate of his company if the government decides to not allow Gulf Italia
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Gulf of Mexico Oil Spill Amy Burkett Environmental Science April 20‚ of 2010 a BP’s oil rig Deep water Horizon had blown up out in the Gulf of Mexico. It had killed 11 people and let more the 200 million gallon of oil into the ocean water. The oil spill had damaged over 1‚000 miles of the shore lines. A study was done by the Center for Biological diversity and it had shown that over 82‚000 birds
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