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BULLETIN: Pure Resources Tells Shareholders to Reject Unocal's Acquisition Offer Sep 02
Standard & Poors, Sep 2002
Abstract
Standard & Poor's Ratings Services said today that its ratings and outlook on Unocal Corp. (BBB+/Stable/A-2) are not affected by Pure Resources Inc.'s (BBB-/Watch Pos/--) announcement that the special committee of its board recommends that shareholders reject Unocal's current acquisition offer. Standard & Poor's expects that any revised offer would be funded in such a way that the effect on Unocal's capital structure would not vary materially from the original offer. Standard & Poor's will continue to monitor the situation and comment as necessary....
Companies mentioned in this report are: Unocal Corp.
Action: S&P Event
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research type: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.
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