国产热热热精品,亚洲视频久久】日韩,三级婷婷在线久久,99人妻精品视频,精品九热人人肉肉在线,AV东京热一区二区,91po在线视频观看,久久激情宗合,青青草黄色手机视频

CNOOC eyes higher Unocal bid - report
(Agencies)
Updated: 2005-07-13 09:35

China's CNOOC Ltd will consider raising its $18.5 billion takeover bid for U.S. oil producer Unocal, the Financial Times reported on Wednesday citing people familiar with the matter.

China National Offshore Oil Corporation's (CNOOC) oil rigs is seen in China's Liaodong Bay of the Bohai sea February 3, 2005. [newsphoto]

The paper said CNOOC's board was expected to approve changes to the bid, including giving management permission to raise the takeover offer above the $67 per share in cash already offered. CNOOC's bid tops a $16 billion offer from Chevron Corp, although it faces numerous regulatory and political hurdles.

Investor and analysts expect that Unocal will press Chevron to lift its offer or risk losing its support for the deal. The Unocal board is due to meet this week to discuss the takeover offers.

CNOOC rolls out ad campaign

With a hearing in the U.S. Congress on Wednesday to discuss the national security implications of a Chinese oil company's bid for Unocal Corp., Hong Kong-based CNOOC Ltd. is rolling out an advertising campaign aimed at abating the fears of Washington insiders.

The print ads, which will appear in publications such as Congressional Quarterly, National Journal and Roll Call, among others, stress what CNOOC believes are "the facts" behind its $18.5 billion cash offer for Unocal, which already has a tentative agreement to be bought for $16 billion-plus by Chevron Corp.

In one ad, snippets from various newspaper articles and editorials are used to back up CNOOC's claims that its proposed takeover of Unocal does not pose threats to America's energy or national security.

Page:

1

2

Close

Submarine drill in East China Sea 6-party talks start in Beijing Earthquake hits Daqing

Today's Top News     Top China News
Positive signs on first day of nuke talks in Beijing         Further appreciation of renminbi denied         Shuttle Discovery blasts into orbit         US lawmakers could nix CNOOC takeover bid         No drug for disease as death toll hits 24         Nuclear industry to seek foreign help	Further appreciation of renminbi denied       Nuclear industry to seek foreign help       Strong RMB to have mixed effect on oil       A Chinese Jew's tale of adversity and triumph       Hydropower mania poses challenges       2,500 evacuated after quake kills one