CNOOC chairman says Unocal bid going aheadUnocal mails proxy materials on Chevron offer; Chinese government says offer a purely commercial transaction Joe McDonald Associated Press Writer
Chinese oil company CNOOC Ltd. will press ahead with its takeover bid for Unocal Corp. despite a planned shareholder vote on a lower offer by Chevron Corp., which Unocal’s board says should be accepted, CNOOC’s chairman said June 30.
In an interview with The Associated Press, Fu Chengyu expressed c....
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