Recently, a Canadian oil firm wanted to invest in a Russian oil producer. However, the Russian firm's stock was not available for purchase. The Russian firm did have publicly traded convertible bonds outstanding. Can the Canadian firm achieve its objective in this case? Would it be ethical for the Canadian firm to take this route? What are the implications of convertible bonds for control of a firm?

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The Answer of Recently, a Canadian oil firm wanted to invest in a Russian oil producer. However, the Russian firm's stock was not available for purchase. The Russian firm did have publicly traded convertible bonds outstanding. Can the Canadian firm achieve its objective in this case? Would it be ethical for the Canadian firm to take this route? What are the implications of convertible bonds for control of a firm?

Recently, a Canadian Oil Firm Wanted to Invest in a Russian