Nexen (NXY) Volatile Pending CNOOC News
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Shares of Nexen (NYSE: NXY) are moving lower on renewed fears about the CNOOC (NYSE: CEO) bid.
The downside comes despite comments from Alberta Premier Alison Redford saying the deal is "moving along."
In July, CNOOC agreed to acquire the comapny for US$27.50 per share in cash, although getting Canadian approval for the deal has been anything but easy.
Shares of NXY last traded down 1.5 percent to $24.40.
The downside comes despite comments from Alberta Premier Alison Redford saying the deal is "moving along."
In July, CNOOC agreed to acquire the comapny for US$27.50 per share in cash, although getting Canadian approval for the deal has been anything but easy.
Shares of NXY last traded down 1.5 percent to $24.40.
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