Nexen Announces All Required Regulatory Approvals Received
Nexen Inc. (“Nexen”, TSX, NYSE: NXY) announced that Nexen has received approval from the Committee on Foreign Investment in the United States (CFIUS) with respect to the proposed acquisition of Nexen by CNOOC Limited, and now has all of the requisite approvals to proceed to close.
The transaction is expected to close the week of February 25, 2013 and remains subject to customary closing conditions.
The letter of transmittal for the acquisition of common shares will be mailed to registered shareholders shortly and is also available on Nexen’s website. For more information common shareholders may visit www.nexeninc.com\investorinfo.
Nexen Inc. is a Canadian-based global energy company, listed on the Toronto and New York stock exchanges under the symbol NXY. Nexen is focused on three growth strategies: oil sands and shale gas in Western Canada and conventional exploration and development primarily in the North Sea, offshore West Africa and deepwater Gulf of Mexico. Nexen adds value for shareholders through successful full-cycle oil and gas exploration and development, and leadership in ethics, integrity, governance and environmental stewardship.
SOURCE: Nexen Inc.
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