Did I say "trend"? Today brings more news of a Chinese company seeking a global presence: The China National Offshore Oil Corporation (CNOOC) has made an unsolicited bid for Unocal, which last month agreed to be acquired by Chevron. The CNOOC bid (all cash) is $18.5 billion, and the Chevron deal (cash plus stock) was valued at $16.4 billion.
This could be a huge on many levels. It will undoubtedly draw Washington's attention, but I also am interested to see whether this results in Delaware litigation. Of course, Unocal was the focus of the most famous Delaware case ever, Unocal Corporation v. Mesa Petroleum, in 1985. This bid places the Unocal board on the hotspot again.
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Just time for a quick post on this. Just out from the [more] (Tracked on June 24, 2005 @ 7:48)
Just time for a quick post on this. Just out from the [more] (Tracked on July 19, 2005 @ 17:35)
Just time for a quick post on this. Just out from the [more] (Tracked on July 19, 2005 @ 17:36)

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