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Vol. 10, No. 31 Week of July 31, 2005
Providing coverage of Alaska and northern Canada's oil and gas industry


Unocal was ready to OK higher CNOOC offer

Company 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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