皇冠体育app

CNOOC eyes higher Unocal bid
(Agencies)
Updated: 2005-07-14 06:45

皇冠体育app'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.

A Unocal oil truck is seen here at an oil storage facility in this US government photo. [AFP]

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.

Close

The Qinshan No. 2 Nuclear Power Plant Panda cubs doing well in Wolong Streets flooded in Jinan

Today's Top News     Top 皇冠体育app News
US, Russia, 皇冠体育app rejecting G4 UN reform bill         DPRK: Nuke-free peninsula our goal         EU not ready to grant 皇冠体育app market status         World seeks trade breakthrough in 皇冠体育app         NASA delays shuttle launch till Saturday         Workplace death toll set to soar	皇冠体育app restaurant bars unapologetic Japanese       皇冠体育app builds sharpest eye to peer at sun       皇冠体育app's exports grow by 32.7 per cent       Agriculture discussions open WTO meeting       Government role stressed in market reform       Ministry reassures public about fish