CNOOC's Nexen Buy Caps Confident Year For China Dealmaking
CNOOC investors cheer after Canada gives the green light to the company's takeover bid for Nexen. Shares of the state-owned energy giant gaining over 2% in early trade, outperforming the Hong Kong index, despite some concerns about the deal's lofty price tag. The takeover followed months of heated debate in Canada, and will see Nexen shareholders walk away with a hefty premium. It indicates just how far CNOOC, and Chinese dealmaking, has come since the firm's failed 2005 bid for Unocal.
From Our News Partners
Hot topics
© 2013 Cox Media Group. By using this website,
you accept the terms of our Visitor Agreement and Privacy Policy, and understand your options regarding Ad Choices
.
You're Almost Done!
Select a display name and password
{* #socialRegistrationForm *} {* socialRegistration_displayName *} {* socialRegistration_emailAddress *} {* traditionalRegistration_password *} {* traditionalRegistration_passwordConfirm *}Tell us about yourself
{* registration_firstName *} {* registration_lastName *} {* registration_postalZip *} {* registration_birthday *} {* registration_gender *} {* agreeToTerms *}