Chinese Oil Giant in Takeover Bid for U.S. Corporation

DuaneBidoux

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Thu Jun-23-05 10:14 AM
Original message

Chinese Oil Giant in Takeover Bid for U.S. Corporation

SHANGHAI, Thursday, June 23 - One of China's largest state-controlled oil companies made a $18.5 billion unsolicited bid Thursday for Unocal, signaling the first big takeover battle by a Chinese company for an American corporation

<http://www.nytimes.com/2005/06/23/business/worldbusiness/23unocal.html?hp&ex=1119585600&en=dcfb017668d1c0af&ei=5094&partner=homepage>

THIS is why foreign debt is so serious. Eventually other companies actually want to buy us out. In this case a state run oil company of the Chinese Communist government wants to buy an American corporation. Then they can treat our workers the way they treat their own. This is big stuff that quietly goes in the back pages. Rethugs are the traitors!!

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htuttle

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Thu Jun-23-05 10:15 AM
Response to Original message

1. Is this where we sell them the rope to hang us with?

Or did we do that already?

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Moderator

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Thu Jun-23-05 10:16 AM
Response to Original message

2. Duplicate topic

http://www.democraticunderground.com/discuss/duboard.php?az=show_topic&forum=102&topic_id=1572682

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DU AdBot (1000+ posts)

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