CNOOC Goes after UNOCAL
June 22nd, 2005They decided to do it—CNOOC’s board has decided to try to acquire UNOCAL, the English language China Daily reports here. With Maytag and Unocal both being pursued by Chinese firms, and the Lenovo acquisition of IBM’s PC business approved only recently, we now have a real trend of PRC firms going after major US brand name firms.