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Gulf Canada Ltd.

Authors: Steven Huddart and V.G. Narayanan

The case documents a large tax-motivated acquisition.

In 1985, Chevron negotiated the sale of one of its subsidiaries, Gulf Canada Corporation (Gulf) to Olympia and York Developments Limited, a Canadian company controlled by the Reichmann family of Toronto. The Reichmanns subsequently orchestrated a complex reorganization of Gulf that yielded significant tax benefits.

Subject(s): Taxation of business combinations; Government agencies; protectionism; international business

Setting Information: Geographic Setting: Canada Industry Setting: oil and gas Number of Employees: 2000 Case Time Frame Start: 1984 Case Time Frame End: 1986

Supplemental Material(s): Teaching note, (154T), 15p, Huddart, Steven

Type: Case (Field) Publication Date: 7/1/94 Product Number: A154 Length: 23p Source: Stanford University

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Steven Huddart
Smeal College of Business, Penn State University, University Park, PA 16802-3603 USA
(814) 865-3271
(814) 863-8393 fax
huddart@psu.edu
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