Word: barrelhead
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Dates: during 2005-2005
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...received a detailed briefing on Unocal. On Feb. 23, the board gave its go-ahead to him to pursue a deal. But in early March, Unocal's board rejected Chevron's initial offer?an all-stock deal worth less than $60 per share. "They wanted some cash on the barrelhead and knew CNOOC would be coming forward with a cash bid," says a banker who advised Unocal...