Yet Another Opportunity
It was quite a hectic week around. Mid-semesters, assignments, case studies and presentations!!! I am happy to be alive!! The Eid holidays is a welcome break.
Though there is a group project, two journal reports and a 4000 word report, the word "Holidays" has a soothing effect and surpasses all these.
So coming back to the main reason for writing this entry - a mail from "My DAD". I got a mail from him couple of days back(2 to be precise). It read:
"Based on the facts of bankrupt company, analyse whether it is worthwhile for Reliance to take over.
This will be a good learning exercise for you."
Helluvah!!! What a surprise!!! The case is about the proposed take-over of LyondellBasell (world's third largest independent chemical company in terms of net sales) by Reliance Industries Limited. In the month of January,2009 LyondellBasell filed for Chapter 11 Bankruptcy.
I have started working on it and i hope to do a proper analysis and try to figure out what could be a favorable deal for RIL. It might be a piece of cake for many(or perhaps not).
But to me it is a challenge. Reasons:
1. I am an Engineer and relatively new to this field(just 2 months)
2. I have project submission and report submissions due in a week.
3. I have vowed to analyse this take-over in a few days time and send in my views by this weekend.
That apart, i feel it is yet another excellent learning opportunity. It would help me understand & appreciate the nuances behind acquisitions - what are the factors a company looks into before acquiring another firm,expected benefits etc.
Let us see how the engineer begins his transformation into a manager.
Vartmankal
(TT - 00:22)
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