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Chevron: Unocal.(petroleum industry mergers and acquisitions)
Publication: Corporate Counsel Publication Date: 01-AUG-05 Author: Marcus, David |
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COPYRIGHT 2005 American Lawyer Media L.P.
In the biggest oil deal since 2001, Chevron Corporation announced April 4 that it would buy Unocal Corporation for $4.4 billion in cash and 210 million shares of Chevron's stock, which was worth $12 billion on the day of the announcement. Chevron will offer $65 in cash or 1.03 of its own shares for each Unocal share. The deal is the largest in the oil sector since Chevron and Texaco Inc. combined in...
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