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 NEW YORK (AP) - State-owned Chinese oil company CNOOC Ltd. said Friday it filed notice with a high-level U.S. committee requesting a review of its proposed $18.5 billion cash offer for Unocal Corp., which is mulling a competing $16.6 billion offer from Chevron Corp.
CNOOC filed notice with the Committee on Foreign Investment in the United States. Under the committee's regulations, Unocal will have seven days to respond to its questions about the proposed merger, the company said.
CNOOC said it was "confident" it would obtain clearance from the committee once the review is underway, and looked forward to explaining the deal in more detail.
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