December 10, 2012 at 10:50 AM EST
Nexen (NXY) grows on Cnooc deal
Normal 0 false false false MicrosoftInternetExplorer4 Nexen Inc. (NYSE: NXY) added 14.4% to $26.90. The shares, which had fallen last weak on fears that Canada would not approve a deal with China’s Cnooc Ltd., rebounded after Canada did approve the deal. The Chinese takeover of the firm that works in the Canadian oil sands, would be China’s biggest-ever foreign acquisition. Share volume was three million, compared to a daily average of 12 million st1\:*{behavior:url(#ieooui) } /* Style Definitions */ table.MsoNormalTable {mso-style-name:"Table Normal"; mso-tstyle-rowband-size:0; mso-tstyle-colband-size:0; mso-style-noshow:yes; mso-style-parent:""; mso-padding-alt:0in 5.4pt 0in 5.4pt; mso-para-margin:0in; mso-para-margin-bottom:.0001pt; mso-pagination:widow-orphan; font-size:10.0pt; font-family:"Times New Roman"; mso-ansi-language:#0400; mso-fareast-language:#0400; mso-bidi-language:#0400;}
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