Caught between two bidders: Unocal’s optionsCNOOC $18.5B bid tops Chevron’s $16.6B offer, which has cleared regulatory hurdles; House concerned about CNOOC Brad Foss Associated Press Business Writer
A bird in the hand, or two in the bush. That’s the choice facing Unocal Corp., which agreed in April to be bought by Chevron Corp. for $16.6 billion but is now considering a rival $18.5 billion bid from CNOOC Ltd.
The less lucrative Chevron offer cleared its final regulatory hurdle the last week in....
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