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Nexen Inc Announces 30 Day Extension Of Arrangement Agreement With CNOOC Limited


Sunday, 27 Jan 2013 06:10pm EST 

Nexen Inc announced that CNOOC Limited and the Company have mutually agreed to extend the Outside Date of the Arrangement Agreement by 30 days to March 2, 2013. The Outside Date was originally January 31, 2013. Either party may, except in certain circumstances, extend the Outside Date from time to time if the required regulatory approvals have not been obtained, provided that in aggregate such extensions shall not exceed 75 business days from January 31, 2013. Completion of the Agreement remains subject to the receipt of United States regulatory approval and the satisfaction or waiver of other customary closing conditions. Key regulatory approvals have been received from Canada, the United Kingdom, the European Union and the People's Republic of China. 

Company Quote

13.88
-0.08 -0.57%
31 Jul 2014