CNOOC resubmits bid for Nexen to US regulators

Chinese oil and gas giant CNOOC has withdrawn and resubmitted its C$15.1 billion (HK$117.8 billion) bid for Canada's Nexen to United States regulators for approval.

CNOOC and Nexen withdrew and resubmitted a notice on the deal for review by the Committee on Foreign Investment, Nexen said on its website, without providing a reason. It said this was done "by mutual agreement" with the committee.

The committee assesses foreign takeovers of US companies on national security grounds. Nexen's US unit operates in the US portion of the Gulf of Mexico.

via Business feed http://www.scmp.com/business/companies/article/1093395/cnooc-resubmits-bid-nexen-us-regulators