Caterpillar CEO warns against M&A protectionism

Posted May 12, 2010 at 5:53 p.m.

From Reuters | Jim Owens, the chairman and chief executive of Caterpillar, warned against regulations that might prevent Chinese and
other overseas companies from buying U.S. businesses. Owens said on Wednesday that efforts to discourage cross-border deals, like China National Offshore Oil Corp’s derailed effort to take over U.S. oil firm Unocal Oil back in 2005, made it more difficult for U.S. companies to invest in overseas markets.

Get the full story: reuters.com.

 

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