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5 years ago
CNOOC, Nexen pull and resubmit US deal application
November 28, 2012 / 12:35 AM / 5 years ago

CNOOC, Nexen pull and resubmit US deal application

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CALGARY, Alberta, Nov 27 (Reuters) - China's state-owned CNOOC Ltd and its Canadian takeover target Nexen Inc said on Tuesday they withdrew and resubmitted their application for U.S. approval of their $15.1 billion deal, as Canada gets close to a crucial decision on whether to approve the transaction.

The energy companies said discussions with the Committee on Foreign Investment in the United States are still going on, "with a view to completing the CFIUS review process as expeditiously as possible."

They did not provide a reason for the move.

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