Houston-With China's CNOOC dropping its 67/share offer Aug 2 for US independent Unocal,all the pieces started falling into place for a peaceful acquisition of Unocal by US major Chevron at a lower bid of 64/share at a Unocal shareholder vote scheduled for Aug 10.The announcement of surrender by China National Offshore Oil Corp included a hint of bitterness and a slap at the US political arena where the threat of selling a US company to one owned 70% by the Chinese government had ignited a firestorm of controversy(ON 7/26).
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