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Nexen shareholders okay takeover plan

Two classes of Nexen Inc. shareholders have approved a “plan of arrangement” connected with the proposed takeover of the company by CNOOC Ltd. of China (OGJ Online, July 23, 2012).

Nexen said the plan received support of 99% of votes cast by common shareholders and of 87% of votes cast by preferred shareholders at a special meeting on Sept. 20.

The $15.1 billion takeover remains subject to government approvals.


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