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...Mr Pakpoom formerly held jobs at UNOCAL and Hewlett-Packard, and later became chief market strategist and head of research for Thailand with Nomura Research Institute Hong Kong....
...In 2005 Mr Li advised Cnooc on its $18.5bn bid for California-based Unocal, which was ultimately sunk by political opposition in the US....
...Similar assaults on oil companies such as Unocal and his old employer, Phillips, did not yield such spectacular results. The Gulf deal, however, had already assured the oilman near-legendary status....
...Amex eventually dropped the bid, and in 1985 the Delaware court — which shapes American corporate finance since so many companies are based in the state — issued rulings on cases involving Unocal and Household...
...Oil company Cnooc’s proposed 2005 takeover of Unocal was scuppered in large part because of political opposition, and others have met similar fates since then....
...Two well-regarded law professors published a paper earlier this year noting that four revolutionary Delaware decisions from the 1980s — Revlon, Weinberger, Unocal and Blasius — that had together put companies...
...Cnooc, the state-controlled Chinese oil group, was forced to drop a $18.5bn bid for Unocal in 2005 amid signs the President George W Bush was set to block it....
...It starts with the politically driven collapse of China National Offshore Oil’s $18bn bid for Unocal in 2005, a collapse that actually signalled the start of large-scale Chinese outbound investment....
...That deal and the subsequent $17bn Unocal acquisition in 2005 “turned out to be much better than most people understood at the time”, says Mr West....
...In 2005, Cfius intervened in a bid by China’s Cnooc to buy Unocal. In the end, the US oil company’s board had to accept a lower bid from elsewhere....
...A decade ago, political and regulatory resistance based on national security concerns was strong (consider failed bids for Unocal, Dubai World Ports and 3Com)....
...Mr Fu made his name in the oil business as the head of smaller state-owned oil group Cnooc, when it failed in 2005 to buy US crude company Unocal due to Congressional opposition....
...In 2005, Washington blocked an $18.5bn offer from Cnooc, the state-owned oil major, for US crude group Unocal, on security grounds....
...Unocal first discovered the Skipper site in 1990 but technical problems meant it was never flow tested....
...For one thing, especially in the US, politicians and regulators have had a chilling effect on Chinese buyers ever since Cnooc withdrew from its planned $18.5bn purchase of Unocal in 2005 in the face of huge...
...1985 Delaware Supreme Court ruling in Unocal vs Mesa becomes a landmark in restricting managements’ defences against takeover 1986 Pickens founds United Shareholders’ Association to campaign for investors...
...Such concerns had blocked other Chinese attempts to buy US companies, including Cnooc’s bid for US oil group Unocal in 2005....
...In the case, involving Unocal, the court found that poison pills did not necessarily disenfranchise shareholders – so long as boards are found to be acting in good faith and in accordance with their fiduciary...
...It was Cnooc’s boldest move since a failed $18bn bid for US energy producer Unocal in 2005 amid strident political opposition....
...As the Chinese company Cnooc found when it tried to invest in Unocal in 2005, the west is still sensitive to issues of nationality and ownership....
...Chinese companies had steered clear of the region after the failure of Cnooc’s planned $18.5bn acquisition of Unocal of the US in 2005....
...After its $18bn bid for US energy producer Unocal failed in 2005 amid political opposition, the Chinese National Offshore Oil Company, or Cnooc, has found success recently in doing conservative deals in...
...In 2005, it attempted to buy US energy producer Unocal for $18.5bn but withdrew its bid after facing stiff political opposition in Washington....
...Take for example the $18.5bn bid from state state-owned CNOOC for the oil company Unocal in 2005, and 2008′s $2.2bn bid from Huawei and Bain Capital for 3com – both were abandoned in the face of the political...
...However, securing approval from Canada was a landmark success for Cnooc, which suffered a high-profile failure in 2005 when it was thwarted in its planned $18.5bn acquisition of Unocal of the US....
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