Nexen Receives Final Approval For CNOOC Deal
February 12, 2013
Nexen Inc. (TO, NYSE: NXY) has received approval from the Committee on Foreign Investment in the US (CFIUS) with respect to the proposed acquisition of Nexen by CNOOC Ltd.
This is the final regulatory approval required for Nexen to proceed with closing the transaction. The transaction is expected to close the week of Feb. 25 and remains subject to customary closing conditions.
Nexen Inc. is a Calgary-based global energy company. ...
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