CNOOC Loses PR Battle, Withdraws $18.5B Bid for Unocal
From The Associated Press.
In a statement, CNOOC said: "The unprecedented political opposition...was regrettable and unjustified. This political environment has made it very difficult for us to accurately assess our chance of success, creating a level of uncertainty that presents an unacceptable risk to our ability to secure this transaction."
My thoughts on the subject are here.
posted by Scott Baradell at
11:42 AM
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