Canadian Government Approves Chinese Oil Company Bid For Nexen
China’s Cnooc is a step closer to a big play in the North American energy patch with a green light, declared by the Canadian government Friday evening, on its $15 billion bid for Canadian oil-and-gas explorer Nexen. Nexen (NXY) shares surged more than 14% after hours, having closed down 6.6% Friday. Shareholders have approved the acquisition, but [...]
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