Nexen/CNOOC Deal Approved

Tyler Durden's picture

According to Reuters: "Canadian authorities have approved the acquisition of Nexen Inc by China's CNOOC Ltd, a source familiar with the matter said on Friday." It appears Canada decided against infuriating Chinese M&A overtures after all, imminent protecetionist political kneejerk reaction notwithstanding.

Watch the full announcement at 5:00 pm after the jump: