Part A Background of the SapuraCrest Petroleum Berhad “SapuraCrest Petroleum Berhad was established more than 35 years ago on 3 March 1979. Later it was listed on the Bursa Malaysia Securities Berhad’s Second Board on 15 October 1992. It is assumed that the existing name of the company was given due to completion of Sapura Technology Berhad’s acquisition of UEM Land Sdn Bhd’s controlling stake in the company in the second quarter of 2003. Later on 21 February 2006, The SapuraCrest Petroleum was listed on the Main Board of Bursa Malaysia Securities Berhad. The SapuraCrest Group operates in the oil and gas industry and its operating areas includes: offshore drilling, installation of pipelines and facilities, marine services, offshore and nearshore …show more content…
Now it holds 879,037,074 shares or 14.67% of the total shares. Former largest shareholder of Kencana Petroleum, Khasera Baru Sdn Bhd now is only at the third place among the largest shareholders of SapuraKencana Petroleum and it holds 454,573,862 shares or 7.59% of the total shares. The type of corporate restructuring that was conducted by SapuraKencana Petroelum. Since the merger that happened between SapuraCrest Petroleum and Kencana Petroleum was the merger between two companies that provides different services for one specific product, which is oil in this case, it called a vertical merger exercise. According to Investopedia.com (n/a), vertical merger occurs when two companies operating at different level, providing different services for one finished product merge their operations. So since, SapuraCrest and Kencana providing different kind of services, but still for one same product it is considered like a vertical merger. The benefits of it could be an increase in profitability and also a possibility of decreasing
Grandview Avenue Economic Community Development Corporation or simply Grandview Ave is a local Greater Orlando non-profit organization that helps provide housing for individuals whom are homeless or families in desperate need of a stable environment. Surfrider is a foundation based on protecting our oceans and beaches. Their goal is to maintain a clean environment by the coast, as well as enlighten others about the dangers of polluting our ecosystem. Although these two non-profits are categorized as two completely different types of organizations, they are also very similar when it comes to making Central Florida a better environment.
A constituent of yours named Stefan Florkey would like to meet with you to discuss an issue that he is having. The gentleman owns property in Harrison County in a subdivision called Bethlehem Farms. The property runs off well water. His biggest concern is that many of the properties of the subdivision border the polluted Indian Creek. All wells are that border the Indian Creek are using expensive treatment systems to reduce the polluted water.
Talking about the Integration of the companies it would probably take some while which might pose an increased business risk to Trizetto clients. Overall this acquisition provided the much needed resources and improved direction to the faltering healthcare provider. Added perk is the fact that both Cognizant and Trizetto were spun out of Dun and Bradstreet which were from the same soil so they basically had to reintegrate the usual and power their way to the top of the service companies and now that they have got both service and product they are destined to achieve more in the coming future. This acquisition is considered to be the biggest deal struck by Cognizant and the results spoke for themselves as the Cognizant shares increased by 7%. However amidst all the pros of this acquisition they were in for some shock as Syntel ,an US based competitor sued Cognizant and Trizetto for allegedly interfering with a contract and misappropriating confidential information and denied to pay Syntel a great deal of amount owed over some terms and conditions.
After the take over the operating costs were reduced due to removing one outlet that was operating in close proximity to one another. The Davis Service Group strengthened the management team. The central headquarters was removed which saved the fixed costs and improved the sales and profits. Another reason why the acquisition made sense was due to horizontal integration. Both specialist companies
Are you stuck wondering where to find a car garage in Shaw? That is why we should trust our vehicles to Argyll Motor Company. For over 20 years they have been working to keep their customers safe behind the wheel. When you take your car in for a routine maintenance check, their expert mechanics will take care of things we never give much thought to. They will check headlights, taillights, directional lights as well as the brake lights.
But, it would that the same time also allow EMC to compete more efficiently with the pressures of the external environment. The merger with a financially sound organization would enable EMC to have improved bargaining power, increased funds to recruit and retain the best staff and also improve the overall position to compete for
In today 's transportation industry, fuel costs will keep on rising and are a continually developing concern. Organizations are taking different steps to balance the increasing expense of fuel and keep up a relentless profit margin while meanwhile reduce their carbon footprint. Peregrine Trucking Company is not an exception to this. Through cautious examination and exploration, it can be demonstrated how five particular procedures can save Peregrine Trucking a large number of dollars in fuel costs and diminish their yield of poisons, bracing their position and making the community a more secure and more advantageous place to live.
Corporate Strategies Vertical Integration Verizon implements a value chain analysis to understand the parts of the daily operations that create value, and those parts that do not. The value chain analysis is used to determine the level of competition, the type of products and services the consumer needs, and to figure out the ways that Verizon can stay sustainable and remain the market leader in the industry. This is vital because if done correctly Verizon will be able to gain high returns within the telecommunications industry by creating greater value to the customer. Verizon breaks their value chain into primary and support activities. The primary activities are research and development, infrastructure, marketing and sales, and customer
Disney pursues vertical integration by increasing its distribution channels for its products in house. This allows Disney to not only have control over the entire product my beginning to end consumer, but it also allows for Disney to increase its profits by cutting costs. An example of this in the case is that Disney creates its own content in-house for its channels like ABC. When Disney first acquired ABC, ABC had deals with Dreamworks, which was a rival company created by a former Disney employee, to finance jointly the cost of developing new TV shows. For Disney, this deal made no sense for them once they purchased ABC because Disney has their own production studio.
Tullow is known to be the most important and international independent exploration and Production Company. Their main focus is to monetize and find oil in the Atlantic Margins and Africa. Tullow’s operations are mainly focused
B&G foods is not acquiring all of General mills, but just their brand, Green Giants. Does FASB identify this transaction to be a business combination? In the FASB Codification paragraph 805-10-25-1 states that in a business combination an acquirer can gain control of the acquiree in a number of ways. A business combination is achieved by incurring liabilities, issuing equity interests, providing more than one type of consideration, and transferring cash, cash equivalent, or other
1. BACKGROUND OF BRITISH PETROLEUM (BP) Formerly known as British Petroleum, BP is one of the world’s major energy, petroleum and gasoline company in its industry. Founded in 1909, it was originally known as The Anglo-Persian Oil Company. Prior to the company’s emergence was the discovery of oil in the south-west of Iran, which was led by Australian-British mining entrepreneur William Knox D’Arcy and supported by a Scottish company called Burmah Oil Company. This successful oil exploration was known to be the first commercially significant oil discovery in the Middle East.
The study focuses on pre and post mergers in financial and non-financial sector of Pakistan and India. The previous studies showed mixed results that’s why this study will incorporate the essential part by taking financial and non- financial sectors of Pakistan and India and would add contribution in the existing body of knowledge. The findings of the study provide shareholder, management, traders and other concerning person with insight upon which they can take their decision related to merger. Therefore, it is an attempt to determine and evaluate the effect of pre and post-mergers on the
Introduction Mergers and Acquisitions form part of corporate restructuring. So does amalgamation, takeovers, spin offs, leveraged buyouts, buyback of shares, capital reorganization, sale of business units and assets etc. Mergers and Acquisitions are the most popular means of corporate restructuring. They have played an important role in the external growth of a number of companies in the world. The basic purpose of corporate restructuring is to enhance the shareholder value.
INTRODUCTION In June 2008, TATA Motors announced the acquisition of brands Jaguar and Land Rover from the car producing giant Ford Motors. The deal was valued at US$ 2.3 billion and is considered an overall success even from intercultural perspective. On the contrary, the deal was speculated to be a huge failure as the world was entering into recession in 2008 and Jaguar Land Rover (JLR) was incurring huge losses. The deal was an all cash deal with 100% acquisition of Jaguar Land Rover’s businesses.