"CNOOC to Acquire Nexen for $15.1 Billion to Increase its Global Oil and Gas Portfolio - Deal Analysis from GlobalData" - New Market Report
CNOOC Limited (CNOOC), through its wholly-owned subsidiary, CNOOC Canada Holding Ltd., has agreed to acquire Nexen Inc. (Nexen) for a purchase consideration of approximately $15.1 billion or $27.5 per share in cash, including the assumption of $4.3 billion in debt which will remain outstanding. The company will fund the acquisition though existing cash resources and external financing.
View full press release