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As expected, China's top economic planning body approves Cnooc's (CEO) takeover of Canada's...

  • Friday, January 18, 9:10 AM ET
    As expected, China's top economic planning body approves Cnooc's (CEO) takeover of Canada's Nexen (NXY). In December, the Canadian government approved the largest-ever foreign acquisition by a Chinese company; the deal is still waiting approval by the U.S. government.
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  •  
    This is good news in and of itself, but is also positive that the companies appear to be "clearing the deck" for the US decision.
    22 Jan, 07:25 AM Reply Like
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