Mergers Exxom Mobil - P&G Gillette
My project will be based on the case studies of two of the world’s largest successful mergers / acquisitions. I will be comparing the cultural changes they gone through and how they successfully handled, managed the change. Brief over view of the two companies as follows:
Exxon Mobil:
ExxonMobil Chemical is a division of Exxon Mobil Corporation. It is incorporated in 1882. It is a global organization and is the world’s largest publicly traded international oil and gas company that focuses on technology, product quality, and customer service, with petrochemical manufacturing and marketing operations in more than 150 countries. ExxonMobil Chemical employs more than 14,000 people and in
2001 had $19.3 billion in revenue. The company is currently organized in 11 core business units, and six of them are in the polymers area. ExxonMobil Chemical sells its polymer resins to other organizations that then incorporate them into finished goods. The Company has a number of divisions and affiliates and operate or market products in the United States and other countries of the world. Their principal business is energy, involving exploration for, and production of, crude oil and natural gas.
Mobil Merger with Exxon
In a deal that would forever change the petroleum industry, Exxon and Mobil merged in 1999 to the tune of $82 billion. It wasn’t a smooth merger, with the Federal Trade Commission and Department of Justice sticking their noses into the deal virtually from start to finish. Indeed, according to CNN, the deal was not approved until the two entities agreed to sell off 2,431 gas stations in the northeast, “making this the largest divestiture ever required by the commission. The new entity has enjoyed tremendous success, turning record profits in each of the past several years and withstanding regulatory scrutiny amidst allegations of corruption when gas prices rose in recent summers. The success of this deal was underscored when in
Exxon Mobil:
ExxonMobil Chemical is a division of Exxon Mobil Corporation. It is incorporated in 1882. It is a global organization and is the world’s largest publicly traded international oil and gas company that focuses on technology, product quality, and customer service, with petrochemical manufacturing and marketing operations in more than 150 countries. ExxonMobil Chemical employs more than 14,000 people and in
2001 had $19.3 billion in revenue. The company is currently organized in 11 core business units, and six of them are in the polymers area. ExxonMobil Chemical sells its polymer resins to other organizations that then incorporate them into finished goods. The Company has a number of divisions and affiliates and operate or market products in the United States and other countries of the world. Their principal business is energy, involving exploration for, and production of, crude oil and natural gas.
Mobil Merger with Exxon
In a deal that would forever change the petroleum industry, Exxon and Mobil merged in 1999 to the tune of $82 billion. It wasn’t a smooth merger, with the Federal Trade Commission and Department of Justice sticking their noses into the deal virtually from start to finish. Indeed, according to CNN, the deal was not approved until the two entities agreed to sell off 2,431 gas stations in the northeast, “making this the largest divestiture ever required by the commission. The new entity has enjoyed tremendous success, turning record profits in each of the past several years and withstanding regulatory scrutiny amidst allegations of corruption when gas prices rose in recent summers. The success of this deal was underscored when in
References: Procter & Gamble / Gillette The Procter & Gamble Company (P&G), incorporated on May 5, 1905, is focused on providing consumer