China’s CNOOC says 67 usd/shr cash bid for Unocal stands

From Forbes.com:

China National Offshore Oil Corp (CNOOC) offered 18.5 bln usd for Unocal in May, sparking political controversy in Washington about the possibility of US strategic resources falling into Chinese hands.

Yesterday Unocal, the ninth-largest US oil company, and Chevron jointly announced their agreement to an improved offer from Chevron, which will be submitted to a vote by Unocal shareholders on Aug 10.

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