TORONTO (AP) — Shareholders of Canadian oil and gas producer Nexen Inc. voted Thursday to approve a proposed $15.1 billion takeover of the company by Chinese state-owned CNOOC, but the foreign takeover still requires approval by the Canadian government.
Ninety-nine percent of shareholders voted to approve the $27.50 per share offer. It would be China’s biggest overseas energy acquisition.
Stay informed.Stay ahead.
Join Washington Examiner for unlimited access to the news, analysis, and commentary that matter most.
See Options
Already a member? Log in
Already a print subscriber? Click here to login/register your account
