Nexen to be acquired by CNOOC for US$15.1 billion
Posted Jul 23, 2012 09:52:32 AM.
This article is more than 5 years old.
CALGARY – Oil and gas producer Nexen Inc. has agreed to be acquired by a Chinese offshore oil company for US$15.1 billion cash.
The Calgary-based firm will be purchased by CNOOC Ltd. in an all-cash transaction worth $27.50 per Nexen share.
That’s a 66 per cent premium over the 20-day weighed volume average of Nexen shares (TSX:NXY).