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Mr. Browne began buying shares of CNOOC, the publicly traded unit of the China National Offshore Oil Company, in January at 7.98 Hong Kong dollars, worth $1.02.
This week, Minmetals Resources, a publicly traded unit of a Chinese state-owned mining company, offered $6.5 billion for Equinox Minerals of Canada in an effort to buy a major producer of copper.
The Alibaba Group, the Chinese Internet giant, is preparing to take private its only publicly traded unit, whose shares have sank over the past year following a corporate scandal.
PetroChina, a publicly traded unit of the Chinese National Petroleum Corporation, was expected to have 55percentt of the project but wound up with 50percenttodayay, while Sinopec, a big Chinese refining company, ended up with 5percentt.
"To be frank, nobody knew what our growth would be like," said Michael J. Soenen, chief executive of FTD.com, a publicly traded unit of FTD, the network of florists.
The Shanghai Automotive Company, the publicly traded unit of China's biggest carmaker, said first-quarter profit more than doubled as it sold more Buick and Sail cars made with its partner, the General Motors Corporation.
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Genzyme plans to combine Biomatrix with two of its separately traded units, Genzyme Surgical Products and Genzyme Tissue Repair, to create a company called Genzyme Biosurgery.
The deal is the final step in a plan by Barry Diller, chief executive of USA Interactive, to buy USA's publicly traded units.
The Treasury's plan suggests that all derivatives will be standardized into common traded units.
Now the company is working on a complex plan to split itself into four publicly traded units–one each for the wireless, broadband, consumer and business markets.
Datek Online, the privately held online brokerage firm that evolved out of a day trading unit, was not implicated.
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