Nexen, a Canadian energy company, has agreed to be acquired by China National Offshore Oil Corporation, a state-owned energy company that is China’s largest producer of offshore crude oil and natural gas, in a $15.1 billion deal.
China National will pay $27.50 in cash per Nexen share, a 61 percent premium over the company’s July 20 closing price, in the deal that is expected to close in the fourth quarter of 2012. China National will also assume $4.3 billion in Nexen debt to acquire its assets in western Canada, the U.K. North Sea, the Gulf of Mexico and offshore Nigeria.
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