The contentious $15.1 billion takeover of Canadian oil and gas company Nexen Inc by Chinese state-owned entity CNOOC Ltd closed on Monday, more than seven months after the Asian country's largest-ever foreign takeover was announced. Calgary, Alberta-based Nexen said in a statement on Monday that the deal has closed and that its shareholders will receive $27.50 in cash for each Nexen share.Nexen said its common and preferred shares will be delisted from the Toronto Stock Exchange in a few days, while its common shares are expected to cease being traded on the New York Stock Exchange prior to the market opening on Feb. 26.The takeover, originally announced in July 23, won approval from Canadian regulators in December. Earlier this month, CNOOC overcame its last major hurdle after the deal was cleared by the Committee on Foreign Investment in the United States, which had a say because of Nexen's exploration and production assets in the Gulf of Mexico.
CNOOC Limited is an investment holding company. The Company, along with its subsidiaries, is a producer of offshore crude oil and natural gas and an independent oil and gas exploration and production company. Shares of CEO fell by 1.81% or $-3.59/share to $194.74. In the past year, the shares have traded as low as $171.58 and as high as $230.74. On average, 77642 shares of CEO exchange hands on a given day and today's volume is recorded at 111939.
Nexen Inc. (Nexen) is an independent global energy company. Shares of NXY fell by 0.07% or $-0.02/share to $27.41. In the past year, the shares have traded as low as $14.63 and as high as $27.45. On average, 10587000 shares of NXY exchange hands on a given day and today's volume is recorded at 7871966.
Nexen Inc. (Nexen) is an independent global energy company. Shares of NXY traded higher by 0.64% or $0.18/share to $28.15. In the past year, the shares have traded as low as $15.18 and as high as $28.13. On average, 1688040 shares of NXY.TO exchange hands on a given day and today's volume is recorded at 1142111.
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