The China National Offshore Oil Corporation (CNOOC) may consider making an offer for US oil major Unocal to rival a bid for the company launched by ChevronTexaco Corp, a report said yesterday.
The possibility of launching a counter-offer will be discussed at a board meeting on May 23 and May 24 scheduled by CNOOC, China's third-largest oil company, the Financial Times reported.
The issue raises the prospect of a first ever take-over battle between a Chinese and an American company following ChevronTexaco's US$16-billion bid for Unocal.
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