Chinese snap up brand-name U.S. firms

Chinese investor interest in two marquee U.S. companies — Maytag (MYG) and Unocal (UCL)— signals a new wave of Asian capital washing onto U.S. shores.

Flush with cash, Chinese investors seek to secure long-term supplies of raw materials for that country's fast-growing economy and to snap up brand names with global cachet.

Source: USA Today


Posted: Wed - June 22, 2005 at 10:04 AM