Subject category:
Strategy and General Management
Published by:
IBS Case Development Center
Length: 11 pages
Data source: Published sources
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https://casecent.re/p/54630
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Abstract
Until the end of 2004, US-based energy company, Unocal Corporation, was trailing behind its peers in share price, production and net income per barrel. But, on 6 January 2005, its share price jumped by 10% when rumours spread about its probable acquisition by China National Offshore Oil Corporation (CNOOC), a leading energy company in China. The company had faced environmental problems, was accused of human rights abuses and also failed to meet its production targets. The case study offers the scope to discuss the problems faced by Unocal that makes it a potential takeover target.
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Abstract
Until the end of 2004, US-based energy company, Unocal Corporation, was trailing behind its peers in share price, production and net income per barrel. But, on 6 January 2005, its share price jumped by 10% when rumours spread about its probable acquisition by China National Offshore Oil Corporation (CNOOC), a leading energy company in China. The company had faced environmental problems, was accused of human rights abuses and also failed to meet its production targets. The case study offers the scope to discuss the problems faced by Unocal that makes it a potential takeover target.