Friday, December 7, 2012

Instant view: Canada clears CNOOC?s $15 billion Nexen purchase

Posted by admin on December 7th, 2012

(Reuters) ? Canadian ministers cleared Chinese state-owned energy company CNOOC Ltd?s $ 15 billion bid to buy Canadian oil and gas producer Nexen Inc, allowing the largest foreign takeover by a Chinese firm to proceed. The following is instant reaction from investors and analysts. KEITH MOORE, MANAGING DIRECTOR, MKM PARTNERS LLC ?When the deal was announced we thought it would eventually be approved with concessions, but that there was going to be a lot of headline risk. ?
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Source: http://hotspyer.com/2012/12/07/instant-view-canada-clears-cnoocs-15-billion-nexen-purchase/

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