Dupont Divestiture

DuPonts Divestiture of Conoco| Analysis of the Merger| | DuPont began life in 1802, as a gunpowder manufacturer supplying the US military under President Thomas Jefferson. The fraternity had a grand tradition of technological innovations in business and it continues to serve cosmopolitan markets including food and nutrition; health care; agriculture; behavior and apparel; home and construction; and electronics. Among some of its inventions are nylon stockings invented in 1939, Teflon for pans, Kevlar for bullet-proof vests, stainmaster for carpets, the synthetic fabric lycra, and Dacron for clothing. In 1999 the company held a portfolio of 2000 trademarks and brands. DuPont was the 15th largest company in the US with its 1998 revenue hit $45.1 billion. The company operated 200 manufacturing and processing facilities in 65 countries with 98,000 employees worldwide. Conoco began in 1875 as the Continental Oil and Transportation Co., one of the offset printing petroleum marketers in the West. The company has made it through heap of tough and challenging times from the stock market crashing in effect(p) a month after Conoco took its stock public, to overseas expansion, to the cover crisis of the 19070s.

Then in 1981 a simple proposal by Canadas Dome Petroleum about acquiring a Conoco subsidiary, Hudsons bay laurel Oil and Gas left the company wide open. In order to assure an adequate supply of petroleum products to utilisation as chemical feed stocks, DuPont bought Conoco on Sept. 30, 1981. Conoco became a completely owned DuPont subsidiary in the largest merger ever at that time, costing DuPont $7.8 billion. As a subsidiary of DuPont, Conoco became a major, integrated, ball-shaped energy company operating in 40 countries worldwide. The company was involved in both downstream and upstream activities care exploring for, developing, refining, marketing, transporting, and selling crude oil and natural gas. In 1998, Conoco rank 8th in worldwide production of petroleum liquids by US... If you want to get a full essay, order it on our website: Orderessay

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