Well, according to Reuters, it seems that Chevron had to be prodded into upping its bid for Unocal: The board of directors of Unocal was prepared to accept a takeover offer from China’s CNOOC Ltd. until original suitor Chevron was persuaded to raise its bid, according to documents filed with regulators on Monday. Unocal’s board told Chief Executive Chuck Williamson on Jul. 17 to inform Chevron it was inclined to shift its support to CNOOC unless Chevron sweetened its terms, according to a detailed timeline included in a proxy statement filed with the US Securities and Exchange Commission. That notice … Continue reading Almost