Reuters: Regulatory News: UPDATE 1-Nexen schedules vote on CNOOC's $15.1 bln offer

Reuters: Regulatory News Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals. // via fulltextrssfeed.com

UPDATE 1-Nexen schedules vote on CNOOC's $15.1 bln offer Aug 24th 2012, 17:04 Fri Aug 24, 2012 1:04pm EDT * Nexen shareholder vote scheduled for Sept. 20 Aug 24 (Reuters) - Nexen Inc said on Friday that shareholders would vote next month on whether to approve the $15.1 billion friendly offer for the Canadian oil producer made last month by China's CNOOC Ltd. Nexen said in a statement it would hold a special meeting of shareholders on Sept. 20 to vote on the richest foreign takeover ever by a Chinese company, if completed. CNOOC is offering $27.50 per share for Nexen, a 61 percent premium to where the stock was trading prior to the July 23 bid. The offer has the support of Nexen's board. Along with shareholder approval, the takeover must also be approved by the Chinese, Canadian and U.S. governments. Nexen shares were down 6 Canadian cents at C$25.48 in early afternoon Toronto Stock Exchange trading.

You are receiving this email because you subscribed to this feed at blogtrottr.com. If you no longer wish to receive these emails, you can unsubscribe from this feed, or manage all your subscriptions