Merger & restructuring?

[iGas]

How long does it normally take to restructure a company after a merger?

Thanks

 

[silverpig]

Depends on the size of the company of course.

 

[iGas]

Depends on the size of the company of course.

Roughly 30 billions size.

 

[Matthiasa]

Size as in number of projects running and employees among other things. 😛

"30 billions" in size is not a correct answer. 😛

 

[iGas]

Size as in number of projects running and employees among other things. 😛

"30 billions" in size is not a correct answer. 😛

It would make it easier to guesstimate if I knew the number of projects and employees.

Suncor acquired Petro Canada in August of this year and they are heavily parsing non core projects/divisions (specifically North Sea oil, and possibly natural gas as well).

I just want to know the length of time before I call all in 😉

PS. my bad it is 50 billions (got crossed wired with my favorite TCK @ 30 billions).

 

[AgaBoogaBoo]

There are many steps still in there even after a deal has been done - completing financing for the transaction, checking all the books and other due diligence, regulatory approval, etc.

 

[AgaBoogaBoo]

It would make it easier to guesstimate if I knew the number of projects and employees.

Suncor acquired Petro Canada in August of this year and they are heavily parsing non core projects/divisions (specifically North Sea oil, and possibly natural gas as well).

I just want to know the length of time before I call all in 😉

PS. my bad it is 50 billions (got crossed wired with my favorite TCK @ 30 billions).

You're considering buying the stock? If so, why?

 

[Riceninja]

Depends on the size of the company of course.

all mergers take the same amount of time: over 9000. what are they teaching you in sauder? :biggrin:

 

[iGas]

You're considering buying the stock? If so, why?

1. Support the home team.
2. Solid growth path (no disruption of supplies/stable politics).
3. Better management team than Petro Canada ever was.

 

[AgaBoogaBoo]

1. Support the home team.
2. Solid growth path (no disruption of supplies/stable politics).
3. Better management team than Petro Canada ever was.

Really? You'd buy something to support the home team?

Let's say a business loses $10,000,000 a year and this is expected to continue indefinitely. At an average income of $35,000 per year, they are effectively taking 286 man years every year and wasting them away, because people are not as productive as they otherwise could be.

Buying something because it supports the home team is a bad reason. Especially if they're losing money - you would be funding an operation that is bad for the economy.

Solid growth plan - how can you say this will result in profitability and not just empire-building for the CEO's ego and demands for higher salary because his empire is larger?

Better management? Can you explain how shareholder interest is aligned with management? I haven't dug into it, but if the management team only has a few percent of the stock in their own pockets, what makes you think they'll act in the interest of the shareholder rather than lining their own pockets with higher salaries, perks, etc.?

 

[Ns1]

still restructuring 2.5 years later

F50 company.

 

[iGas]

Just pulled the trigger 2 minutes ago on SU for Monday morning.

I hope my research on pro vs. con is correct.

PS. I have made bets on NVDA in the past & sold at 50% lost but I didn't lose any sleep over that, but this is the first purchased that I'm a bit concern.

 

[iGas]

There are many steps still in there even after a deal has been done - completing financing for the transaction, checking all the books and other due diligence, regulatory approval, etc.

Deal was done in Aug of 2009, and complete financial finalized and take over was Aug of this year.

Fundamentally SU is very well, with gross profit margin at 2.5X over that of the industry average.