China Makes Hostile Bid for Unocal Corp.

AP reports: “China’s third-largest oil producer made a hostile $18.5 billion bid Thursday for U.S. oil company Unocal Corp., marking the communist nation’s most ambitious attempt yet to acquire a Western corporation and setting up a possible showdown with American politicians over national security issues.”

This is a HUGE story. A view of things to come.

2 Responses to “China Makes Hostile Bid for Unocal Corp.”

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