Chinese Company Ends Unocal Bid, Citing Political Hurdles – David Barboza
From the New York Times: The giant Chinese oil company Cnooc today ended its $18.5 billion takeover bid for the Unocal Corporation of America, citing fierce political opposition to its bid in Washington that it called “regrettable and unjustified.” The decision, which was announced this morning in New York, ends a fierce takeover fight between […]
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