ChevronTexaco to Acquire Unocal

Article Abstract:

ChevronTexaco Corp. is to acquire Unocal Corp. for approximately $16.8 billion, the largest petroleum industry deal since 2001. Unocal Corp. shares are valued at $62.07 for the acquisition and ChevronTexaco Corp. shares are down $2.33 to $56.98 amidst concerns about overvaluation. Oil futures closed at $57.01 per barrel, yesterday.

United States, China, Acquisitions & mergers, Commodity & service prices, Crude Petroleum and Natural Gas Extraction, Crude petroleum and natural gas, Crude Petroleum & Natural Gas, Securities issued, listed, Petroleum refining, Industry Overview, Mergers, acquisitions and divestments, Prices and rates, Company acquisition/merger, Petroleum industry, Securities, Company Profile, Company securities, Unocal Corp., Company pricing policy, Chevron Corp.

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European shares fall sharply

Article Abstract:

European shares dropped significantly, driven by concerns over a recession in the US. The FTSE 100 Index fell 1.3% to 5,811.40, while the pan-European Dow Jones Stoxx 600 index dropped 1.5% to reach 314.30. Germany's DAX30 index declined 1.4% to reach 6,651.51, and France's CAC-40 index lost 1.4% to reach 4,724.78.

Europe, Labor Distribution by Employer, Statistics, Comparative analysis, Stock price indexes, Statistical data

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