Merger, Acquisition, and International Strategies

Merger, Acquisition, and International Strategies
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Merger, Acquisition, and International Strategies
AbstractMergers and acquisition are companies that either come together to form one company with either having equal rights in the new venture or a company could buy off another one and become the sole proprietor. An example of such a company is ExxonMobil. It is an oil and gas corporation that was formed in the year 1999, after Exxon and Mobil joined to form ExxonMobil. The company has been ranked as one of the big companies globally in terms of the revenue collected which is a huge success for the organization.
Merger, Acquisition, and International Strategies
In 1911, the standard oil trust was dissolved after a court order leading in the formation of Jersey standard and Soccony which are known as Exxon and Mobil. During the 1990s, Exxon decided to focus mainly towards the Asia-Pacific region and in anticipation of a sudden expansion in the market for Liquefied Natural Gas (LNG) it chose to heavily invest in it through aggressive refinery expansion and exploration of new oil projects.
Exxon also had a wide experience in deep water exploration especially in areas around West Africa. Mobil had exploration and production interests majorly in Equatorial Guinea and Nigeria.The merged companies had geographic and functional diversity and this was expected to improve the new corporation’s financial and business performance. This could be achieved throug…