CNOOC-Nexen deal approved by US regulators
Updated: 2013-02-13 09:58
(Xinhua)
|
||||||||
BEIJING -- US regulators have approved China National Offshore Oil Corporation's $15.1-billion bid to buy Nexen Inc, a deal that will be the biggest overseas takeover made by a Chinese company.
The approval from the Committee on Foreign Investment in the United States means the last major hurdle was cleared, CNOOC, China's largest offshore oil producer, said in a statement issued on Tuesday.
Before this, the deal has won approvals from Nexen shareholders, local courts in Canada, the Canadian government, and the National Development and Reform Commission, China's economic planner.
Progresses of the deal with be publicized at a proper time, the statement said.
CNOOC said on Jan 28 that the closing date for the takeover would be postponed from January 31 to March 2, 2013.
The deal needed US approvals because Nexen, based in Calgary, Alberta, controlled assets in the Gulf of Mexico.
Timeline:
Nov 30, 2012 Nexen deal resubmission part of approval process
Nov 28, 2012 CNOOC, Nexen reapply for US deal approval
Nov 10, 2012 Nexen deal approval 'in sight'
Nov 5, 2012 CNOOC's Nexen bid review extends another 30 days
Oct 12, 2012 Canada extends review of CNOOC's Nexen bid
Oct 9, 2012 CNOOC Nexen bid 'net benefits' Canada and China
Aug 27, 2012 Nexen schedules vote on CNOOC's $15.1b offer
Aug 22, 2012 CNOOC pushes ahead with Nexen acquisition
July 27, 2 CNOOC to stick to market procedures in Nexen deal
July 25, 2012 CNOOC's Nexen deal expected to open two-way street
- Li Na on Time cover, makes influential 100 list
- FBI releases photos of 2 Boston bombings suspects
- World's wackiest hairstyles
- Sandstorms strike Northwest China
- Never-seen photos of Madonna on display
- H7N9 outbreak linked to waterfowl migration
- Dozens feared dead in Texas plant blast
- Venezuelan court rules out manual votes counting
Most Viewed
Editor's Picks
American abroad |
Industry savior: Big boys' toys |
New commissioner
|
Liaoning: China's oceangoing giant |
TCM - Keeping healthy in Chinese way |
Poultry industry under pressure |
Today's Top News
Boston bombing suspect reported cornered on boat
7.0-magnitude quake hits Sichuan
Cross-talk artist helps to spread the word
'Green' awareness levels drop in Beijing
Palace Museum spruces up
First couple on Time's list of most influential
H7N9 flu transmission studied
Trading channels 'need to broaden'
US Weekly
Beyond Yao
|
Money power |