China not emerging super power huh ?

rbonuc29

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CNOOC offered $18.5 billion in cash last week to acquire the U.S.-based Unocal a richer bid than the $16-billion plus cash and stock offer it already has accepted from Chevron Corp. Chevron is pushing for an August vote on its offer.

Separately, CNOOC reiterated Monday its commitment to not only retain the jobs of "substantially" all of Unocal Corp.'s staff, but also keep its U.S. oil and gas production output in the United States, according to a letter submitted members of Congress.

In cash !!!.
 
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