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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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