Nexen investors okay CNOOC bid

■ Nexen shareholders overwhelmingly approved the oil producer’s takeover by China’s CNOOC yesterday. Shareholder blessing of the deal had been seen as a formality, given the rich 61 per cent premium that CNOOC offered on the price of Nexen’s shares. But the shares remain well below the $27.50 bid price due to uncertainty over the chances of the Canadian government giving the transaction the green light.

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