China's CNOOC offers 18.5 billion dollars for Unocal
BEIJING (AFP) - State-run energy firm China National Offshore Oil Corporation
(CNOOC) announced a bid to buy US oil major Unocal for 18.5 billion dollars cash,
trumping a rival offer by Chevron Corp.
CNOOC said it was proposing a friendly merger, offering 67 dollars a share for the
California-based company in a deal that underlines China's drive to secure energy
resources overseas to sustain its rapid economic growth.
It tops the cash-and-shares offer Chevron hammered out with Unocal by 1.5 billion
dollars using Unocal's June 21 closing share price of 64.85 dollars.
Chevron, the number-two US oil company, received US regulatory approval on
June 10 for its bid. Unocal said it would evaluate the CNOOC proposal but
reiterated that its earlier recommendation to shareholders to accept the Chevron
offer remained in place.
作者：Yahoo News /胡卜凱譯述