CNOOC's US$15b takeover bid wins approval from Nexen investors

Nexen's shareholders approved CNOOC's US$15.1 billion bid for the Canadian oil and natural gas producer, the biggest foreign takeover by a Chinese company.

About 99 per cent of common shareholders who voted cast ballots in favour of the takeover, Barry Jackson, non-executive chairman of Nexen, said at a special meeting in Calgary yesterday. The transaction required approval from two-thirds of shareholders.

via Business feed http://www.scmp.com/business/companies/article/1041928/cnoocs-us15b-takeover-bid-wins-approval-nexen-investors