Takeover Redux

Chinese Oil Giant in Takeover Bid for U.S. Corporation

It seems that China is undergoing the same sort of issues that the United States did as it moved out of its industrial revolution. I’m sure that there will soon be Chinese figures like Rockerfeller, Carnegie, and Morgan. In fact, the Chinese are being assisted by JP Morgan Chase, opposing another bid by Chevron, a descendant company of Rockerfeller’s Standard Oil. In another interestng tidbit, the takeover target, Unocal, financed the Brooklyn Dodgers’ move to California. What’s old is new again.

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