The closing date for CNOOC’s take-over of Nexen has been delayed for 30 days.
Yesterday Nexen said that the 2 companies agreed to the extension as the companies are still waiting for U.S. approval.
It needs the approval because Nexen has projects in the Gulf of Mexico.
The federal government approved the $15.1-billion deal in December, and it has got the green light from China, Britain and the European Union.
The closing date can only extended by a maximum of 75 business days beyond the original deadline.
January 28th, 2013
