Chinese company pulls offer for UnocalCNOOC, citing U.S. political backlash, withdraws offer; purchase of Unocal by Chevron set to close with vote Aug. 10 Michael Liedtke Associated Press Writer
China’s government-controlled CNOOC Ltd. withdrew its $18.4 billion bid for Unocal Corp. on Aug. 2, ending a politically charged takeover battle that highlighted the United States’ growing apprehension about the economic rise of the world’s most populous country.
CNOOC’s retreat clears the way for....
[additional news subjects in this story]
CNOOC: Bid might have been raised Analysts: Chinese treated differently Initial agreement reached in April CNOOC had agreed to sell U.S. assets
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