CNOOC, Nexen Extend Merger Deadline As US Mulls Approval

Law360, New York (January 28, 2013, 7:34 PM EST) -- Canadian oil and gas producer Nexen Inc. and China National Offshore Oil Co. Ltd. on Sunday extended the deadline for their $15.1 billion merger to March 2 as they await the go-ahead from U.S. regulators.

Canada's government approved the deal in December, and Chinese officials signed off last week. But the Committee on Foreign Investment in the U.S., which must approved the transfer of Nexen's leases in the Gulf of Mexico, has yet to approve it.

The deal closing was originally planned for Jan. 31, though...
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