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Thread: Coca Cola failed to buy Hui Yuan!
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[quote=JIMMYB,362311]It is understandable that China turned down Coca-Cola's takeover of Hui Yuan. Chinese government is afraid that Coca-Cola might monopolize Chinese domestic market. On the other hand, Chinese government's move also can be regarded as a revenge. The US once turned down several Chinese corporations' acquisitions and mergers of American companies. In 2005, the US turned down CNOOC's 13 billion acquisition of Unocal Corporation. It is said that Washington had intervened in this deal. Eventually, CNOOC withdrew its plan to acquire Unocal Corp.[/quote]
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