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Essay's paper info
| Topic: |
Business
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| Number of pages / Number of words: |
4 / 1098 |
Essay's paper body
In 1994, a Conoco joint venture began producing oil from the Ardalin
Field in the Russian Arctic--the first major oil field brought into production by a
Russian/Western partnership since demise of the Soviet Union.
A further major development was the redemption of 156 million DuPont shares
from Seagram for $8...
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This large block of shares was redeemed at a 13
percent discount to market price. While DuPont later sold some new shares, there are 18
percent fewer shares currently outstanding than just prior to the redemption. This resulted
in a significant opportunity for wealth creation for our stockholders...
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