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.