RPT-Canada gives no hints on timing of Nexen decision

OTTAWA Fri Dec 7, 2012 9:09am EST

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OTTAWA Dec 7 (Reuters) - Canada refused to offer any hints on Friday on the timing of a decision on a bid by China's CNOOC Ltd for energy company Nexen Inc..

"Whatever the date, appropriate notice will be given," Andrew MacDougall, a spokesman for Prime Minister's Stephen Harper, told Reuters by email.

Canada's industry minister must rule whether the $15.1 billion offer is of net benefit to Canada. The Dec. 10 deadline can be extended, provided both companies agree.

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California state worker Albert Jagow (L) goes over his retirement options with Calpers Retirement Program Specialist JeanAnn Kirkpatrick at the Calpers regional office in Sacramento, California October 21, 2009. Calpers, the largest U.S. public pension fund, manages retirement benefits for more than 1.6 million people, with assets comparable in value to the entire GDP of Israel. The Calpers investment portfolio had a historic drop in value, going from a peak of $250 billion in the fall of 2007 to $167 billion in March 2009, a loss of about a third during that period. It is now around $200 billion. REUTERS/Max Whittaker   (UNITED STATES) - RTXPWOZ

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