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in this module, we explored the role of the corporate headquarters and its relationship with individual businesses, and how the corporate headquarters creates value by making mergers/acquisitions and alliances.Select a Saudi Arabian company. Describe this company’s experiences with mergers/acquisitions and alliances? 1.Why did the Saudi Arabian company merge/acquire and/or make alliances with other companies? That is, what competencies and opportunities did the Saudi Arabian company seek from its association with the target company?2.Did the merger/acquisition and/or alliance create or destroy value? (Provide evidence to back the assessment of value creation/destruction.)3.What recommendations would you make to the Saudi Arabian company concerning this or future mergers/acquisitions and/or alliances?Aramco today announced the successful completion of its share acquisition of a 70% stake in Saudi Basic Industries Corporation (SABIC) from the Public Investment Fund (PIF), the sovereign wealth fund of Saudi Arabia, for a total purchase price of SAR 259.125 billion (US$ 69.1 billion), equating to SAR 123.39 price per share.The completion of the transaction enhances Aramco’s presence in the global petrochemicalsindustry, a sector expected to record the fastest growth in oil demand in the years ahead. Combined, in 2019 Aramco and SABIC recorded petrochemicals production