[20050816]RS22192_优尼科：雪佛龙公司和中国海洋石油总公司收购投标的法律影响.pdf

1 15 U.S.C. 18a.Congressional Research Service The Library of CongressCRS Report for CongressReceived through the CRS WebOrder Code RS22192Updated August 16, 2005Unocal: Legal Implications of AcquisitionBids by Chevron Corp. and China NationalOffshore Oil Corporationname redacted and name redactedLegislative AttorneysAmerican Law DivisionSummary The acquisition of Unocal which includes Unocals wholly owned subsidiary,Union Oil Co. of California by either Chevron Corporation or the China NationalOffshore Oil Corp. (CNOOC) could have been subject to review by either of two U.S.agencies; which agency reviews a proposed merger or acquisition depends on the originof the parties, and the reviews are conducted for different reasons. Certain mergers oracquisitions between domestic entities may be evaluated under the PremergerNotification Act by either the Federal Trade Commission (FTC) or the AntitrustDivision of the Department of Justice in order to assess a transactions likely effect oncompetition within the United States. If the merger partner or acquiring party is a non-U.S. entity, the Committee on Foreign Investment in the United States (CFIUS) maymonitor and evaluate the impact of t