With the sale of Nexen to CNOOC having officially closed Monday, many are wondering what’s next.
After all, a few things have changed since the deal was announced last July.
Read more: http://tinyurl.com/aow9et5
Tag Archives: takeover
Petronas said to re-submit Progress bid
Shares in Calgary-based Progress Energy Resources rose Friday after the Wall Street Journal reported that Malaysia’s state-owned oil company, Petronas, had re-submitted its takeover bid.
Progress shares ran up 2.65 per cent to $20.51 Friday at midday on the Toronto Stock Exchange.
Read more: http://tinyurl.com/cxj77ze
Ottawa extends review of Chinese bid for Nexen
The Harper government is buying itself some more time to deal with a political hot potato.
It is extending its review of the controversial $15.1-billion bid by a Chinese state-owned company to acquire Calgary-based oil and gas producer Nexen Inc.
Read more: http://tinyurl.com/awyo2nh
Oil patch deals may yet live, despite fed’s risky decision
OTTAWA- At three minutes to midnight Friday, the Harper government took a tremendous risk with Canada’s economic future.
In a terse 163-word press statement distributed at 11:57 pm (ET) on a newswire, Industry Minister Christian Paradis informed the world that Canada would not receive a “net benefit” if Malaysian state-owned firm Petronas bought Calgary-based Progress Energy for $5 billion. Ottawa was blocking the transaction, the third time the Harper government has spiked a foreign takeover.
Read more: http://tinyurl.com/9o4tya8
Takeover of XL Foods a “confidence booster” for cattle industry
WINNIPEG, MB, Oct. 20,2012/ Troy Media/ – According to Doug Sawyer, chair of the Alberta Beef Producers, JBS USA’s take-over of management – and possible future purchase – of XL Foods could have a positive influence on Canada’s cattle industry.
Read more: http://tinyurl.com/9e54n7n