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Nexen Provides Update on CFIUS Review With Respect to Arrangement Agreement with CNOOC Limited

By mutual agreement with the Committee on Foreign Investment in the United States (CFIUS), CNOOC Limited and Nexen Inc. (NXY.TO) withdrew and resubmitted a Joint Voluntary Notice with respect to the proposed acquisition of Nexen by CNOOC Limited. Nexen said: "Discussions with CFIUS continue, with a view to completing the CFIUS review process as expeditiously as possible."

Nexen added: "The closing of the arrangement remains subject to the receipt of applicable government and regulatory approvals, by the relevant authorities in Canada, the U.S., the EU and China, and the satisfaction or waiver of the other customary closing conditions."

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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