Unocal (UCL Quote) shares were up Thursday after a report that the energy company has attracted takeover interest from its industry giant ChevronTexaco (CVX Quote).
The possibility of a U.S. suitor follows speculation that China National Offshore Oil Corp. (CEO Quote) has been eyeing Unocal. A merger would be the first involving a major U.S. oil and gas company in years, following a wave of consolidation in the late 1990s. In a Thursday report, The Wall Street Journal cited people familiar with the Unocal-ChevronTexaco situation. Unocal shares rose 59 cents, or 1.1%, to $53.50 in the premarket Thursday. ChevronTexaco shares rose 63 cents, or 1%, to $61.57 Wednesday.- Loading Comments...
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| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
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