Unocal was ready to OK higher CNOOC offerCompany says board was close to endorsing Chinese company’s takeover plan before Chevron raised its offer to $63 per share Brad Foss Associated Press Business Writer
Unocal Corp. says it was prepared to drop its support for a takeover agreement with Chevron Corp. and accept an acquisition by CNOOC Ltd. had the Chinese state-owned oil company raised its bid sufficiently enough to offset regulatory and financial risks.
Instead, Chevron upped its offer for the El....
[additional news subjects in this story]
Unocal wanted the right price CNOOC wanted Unocal to lobby
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