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...But by 2010 Kassoy was noticing something odd: though relatively few large companies actually turned themselves into B Corps, many started to embrace B Corp metrics to assess their performance around non-monetary...
...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...
...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....
...A decade ago, political and regulatory resistance based on national security concerns was strong (consider failed bids for Unocal, Dubai World Ports and 3Com)....
...Wang Yilin, chairman of Cnooc, will transfer to the same position at China National Petroleum Corp, or CNPC, the parent of listed PetroChina....
...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...
...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....
...It was Cnooc’s boldest move since a failed $18bn bid for US energy producer Unocal in 2005 amid strident political opposition....
...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...
...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....
...In 2005, it attempted to buy US energy producer Unocal for $18.5bn but withdrew its bid after facing stiff political opposition in Washington....
...The final piece of the puzzle for Cnooc was to make sure it avoided the sort of political backlash that killed its Unocal bid....
...This is something Chinese companies have become wary of since a hostile takeover bid by China’s Cnooc for Unocal in 2005 collapsed after encountering strong political opposition in the US....
...As they expand round the world, China’s energy companies have ruffled feathers before with some of their overseas investments, such as Cnooc’s attempted acquisition of Unocal in 2005, which sparked vociferous...
...An attempt by Cnooc in 2005 to acquire US oil company Unocal fell apart due mostly to political opposition and concern over the Chinese state gaining control over US energy assets....
...Cnooc’s 2005 offer for Unocal faced intense scrutiny in the US; the target eventually fell to Chevron. But Canada has lots more oil than potash....
...Seven years ago Cnooc made headlines for all the wrong reasons, launching a hostile bid for US oil group Unocal. Political opposition in Washington eventually forced it to drop the bid....
...Securing approval from Canada is 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....
...investments in Canadian oil sands include Sinopec’s $4.7bn purchase of a stake in Syncrude in 2010, and PetroChina’s $1.7bn purchase of a 60 per cent stake in two projects belonging to Athabasca Oil Sands Corp...
...Cnooc’s interest in Nexen is already attracting comparisons to its doomed bid for Unocal, which regulators ultimately rejected because of concerns over the US oil assets it would have acquired....
...Related reading: China bids $15bn for Canada’s Nexen, FT Cnooc heeds lessons of failed Unocal bid, FT Cnooc / Nexen – another tilt, Lex...
...For Cnooc, Cfius is a particularly sensitive subject because of its $18.5bn bid for Unocal, a US oil company, in 2005....
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