Conoco Phillips announced the purchase of 7.6% of the stock of Lukoil (a largely government-owned Russian oil

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Conoco Phillips announced the purchase of 7.6% of the stock of Lukoil (a largely government-owned Russian oil and gas company) for $2.36 billion during a government auction of Lukoil’s stock. Conoco would have one seat on Lukoil’s board. As a minority investor, how could Conoco protect its interests?

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