国贸经济管理类毕业论文-中海油跨国并购优尼科失败的教训和启示

?CR4WFJ0JA1 ?wwJkwqozkwHtokw FDIvoYwi?k4wykRwiBoPow+w4%5kzyzIk|k(wYCzc%3|=o4wk6JH_3)z?*k#+wk(mwKkcGHwcw|6kw+UcyJwU4oKKdBL w i?CR4WFJ0JA2AbstractCross-Border Mergers and Acquisitions (M&A), which has led to thetransnational multinational enterprises from home to abroad are the extension ofM&A. At the background of economic globalization, Cross-Border M&A hasbecome the important activity of the multinational corporation and main theme ofFDI.This thesis, mainly based on the Cross-Border M&A of China NationalOffshore Oil Corp.(CNOOC) explains the content of this case, meanwhile, itfocuses on the theoretical analysis in Cross-Border M&A of CNOOC. Referringto a lot of parts, such as incentive of the Cross-Border M&A, target getting, targetestimating etc. together with the problems arising during the course of M&A, ittries to explore the causes of the problems, further to find out some revelations ofthis Cross-Border M&A, and last with the aid of correlative theories to putforward some practical solution to the problems and to give some advice toChinese Cross-Border M&A.Key Words M&A CNOOC Unocal Corporation?CR4WFJ0JA3- 1 #D-CHl0,6 . 41.1 #fCHl0,6 . 41.2 #fCHl0, . 52 #D-CHl0,E0;5p . 63 #D-CHl0aCU,6 . 73.1-71JpX-,oo1L. . 73.2 1JF9,1C&j= . 83.3 1J5jD-C4P . 94. #D-CHl0aCU,A . 104.1 CoNLA . 104.2 F90,D-C&j . 114.3 3R,4P . 115 )1JC*-L0D-C,_/j . 125.1 _/j0-1JD-C_0D . 125.2 _/j-1JD-C_03 . 1369)d . 158* BX . 16?CR4WFJ0JA4#D-CHl0aCU,A_/jF-1JC*-L0D-C0/CD-CNLjFw99aCU-1Jm7-FaCUA-#C5-Hl0(j6-1J0D-C,4PA)1JC*-L0D-C9,_/j1 #D-CHl0,61.1 #fCHl0,6N# 2002 2003,CxwjFA-(#FCCtN0W,N-0CtF 205s#FCV5#,0-$,f9a_C65p9,.#YfDCt$6%EkN 1205sKE25,860GGQE 130 1&L$ C1J CN- HN5s20028 -#;.# ?*(*3R(XlW+, 9%s, 8520028 -#;.# %WY?GYfDN-,:$h+O 8%s, 2020028 -#;.# d7-$(lL*YfDN- 12%s, 1620038 -#;.# 9!-.#DLG#+ 8.33%6s 15Ct$C) 2006#(D-C,8H+.D01J1*61O1 10N1 2005#1CHl0aCU,A-LuChC1O1 34N= 1.1.1 2002u -2003u b v6?CR4WFJ0JA5Z! 2004#GG, 20%DG, 25%8#F66-yK1Hl0#AjHl0lCHl0(6j*3K0j0#b7-$2j,N,658(,G49 85#bG#jT(,H68L,7-WWwNA6#,GK0=:GQF 80 20CtCtN-,HFF96J+O?,#9,2j-(586J+OW,4#x,Fa_AfCHl0,0W*6+a ”3)B$4Hl0 60,G_YfD5WG6#b#- 35,G_YfDNA8,(,DG6$jw.#64 53YfD64 47%4#AjHF,DG6L+avlO#pV,NL.#YfDG F 80%DG6$Cw.#4 53% YfD4 47%Ct$8 2006#D-CCU6-Lu4#81O1 11N1 2005#1CHl0aCU,A-LuChC1O1 35N2) 2005D-C,1Jo-4#*(x/n1 106N3# 20041!Q1JC#%)A-4#,.D0-v*(x/n1 201N4 2005#1CHl0aCU,A-LuChC1O1 33N= 1.2.1 vdb?CR4WFJ0JA6Hl0j,1J-$:F4 90O0-$G-_5-Ox07,.#+Ov(J0C#jT_#Fj,.#+O:F4 900Hl0aLv5*WGCt+aXM,9Hl0=j%,JK99S6|F|W0LD,iMV,j(J5n:wf6,=18:mB1)X!_Hl0,0&L$2 #D-CHl0,E0;5p20058 23Hl0(!?-#;.#9L(# )*, 1855sfC?4F_Ej!#HN0W,01D-1J#FC+a!#CHl0&020058 27Hl0M!CtFB#jfC,IF9(0#8 28!?_BN-8#AHl0*0Z!6 59625s,jL$B?AW=94W8 10Hl0:J#,M4WqA#F|.AWm6|B3&L$jz8 30_94+a#AHl0.,0OL#98 45-1W.#(MU3 25,)H (655s 75,6/(1 036MU6/6Hl06/fCHl0(9MU( 486/ 59: 3l5s,f-fC4j 62 075s6Hl01?CR4WFJ0JA7*6rM!B8 24#,10Y9 41=-JAA3k5FB0?ro)#,CABUl5A9 64Z-JAFj)#fCHl0,$hB$|G8 28#C5Hl00,B8T4EF0,89B8T#Hl0a5;k?LNX,AE08$ (1)X#F4=F|,;#LT|,LNj#X5-9|,CRp4#?X5-0K&|,C+XCVg 205s (2)j9 EXONFLORlA#x,Ct,4*6LN (3)j#,8$MUHl0,B8T.d#M0?AMU_6Ci (55s (4)X,lLN8#A5-F-CtJ (CFIUS)FJ.0)Hl0CX#Y1=#,;8 19MUFij 40,)H 60,6/#1;8!6 635s 1&MUHl0E0Z& =7-6,#zA# 78 20Hl0:JMU(,956LWJ#)!$!Fn#/jj5$6LY,(?Q8#)Hl0(,fC?48 10Hl0(On|6LWJMU(fCHl0jp 23 #D-CHl0aCU,63.1-71JpX-,oo1L.5-!W-1y?E- 20058 305-GAL 333 92/,BH?r5-o!F0fCAB 398 15,$WH?r5-o)fCDF|B38 305-GTLFJE7-$#x!n?roX 120Y)-,7-$(F|.D0.D0z*21Y7-O#)Hl0,fCF0#x,FJE*L#1C,7-JF),*6+a_ (1)-).#,C!-96,#fCHl0FxHl0,.#Ct$6HxEF15.#O$d,- (2)#9O,CCtH8-o,FCg!n-(oCd=1 (3)XHl09,.#+O&_9+X6,-Hl0f6-;,MUF0?F#L0ZMh, 20058 22#3!?1CHl0&MUHl0,C45-osJ,F?-pMU)Hl0,CAB400F#-10;9Hl0n3MUfCij63o-4#*(x/n1 238-254N .?CR4WFJ0JA9CtJjO 45Y,B30;5-k5iB3z63|0j7-ap98Nd ”,C|vHl0#,CFxiMUHl0,A#N_MUQE5H,F4H!FXMUHl0,AF90NjF6L!nMUX#Hl0,B8T9p,?r06LWJ)MU,?4F|=M0?:J96Hl0EA*-Lu2j,OFO:#EQ),.#(,6/lL:#D-C,D*39!QC#%xX!W5-GF|_ALu:0FT!QV9RD-(,C#%#kC,-Cj6081JXD-Ca4FJE-C03_1JC,4P-,I=f+aE4#-1JCG4JZDIWJ1J5jC4PX!;1JChfD-CaCUaXpL*6B$+CX9!?0G-Q,vJjv_X#,CE0;!#1,K&k-(#kJ0?F+J8#Fj,:JG?CR4WFJ0JA10-(LOj66QClFj#,fCfFPJ=?,TXF!QC#,1)MUp)*,4P!nf?Q01L-p1C,.1C%&MU*#D+J8#=!vL6|UlMU*,o(|3W3WDnW5-,!=B8#$!X?:0Z4#W-,KCnf_)9-Lulp,Y,-p=o-;,4. #D-CHl0aCU,A#1CHl09v)-1JC*3F1_0ZMh,4POHjF9JL?l9JAh4.1 CoNLAF!Q#1CHl0aCU,0k?_Fo-1JC*& , NX#F2j,2jNLAF , CoNLA#&.FJEJ/$PF)7-85-,oF|A , 5A_ : “JEC# , v=J9Zj&,) N#j5-_0Z8+a0n,- , 6|j ”1,-;F0T_KIB,#5-o+|)-,)GB&X5-oF,GvFG-+0& , X?Ct65-l , -1J_8/nJky- , X5-o-lL-,(W-( , 9!-.#($=7-F0!CFY+X-7(pX-,08Ct1JjD-C,*665FLF-oFoN!1CaCU5-o,o , 7CS8-N,oLk_=!, , 0 )!OFvLNX , #X1C*6.F5-, , Fx , _Vj!u6,7fFF09,1+fC9fC,?I , (_-1J#FfCN9.,AB , XZ)$WlOx?1)5j,F-1J,03+G*LN_-91JG ? o,3+_g, ? 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