The Harper government is once again postponing its decision on whether to allow a $15.1-billion takeover of Calgary-based Nexen, Canada’s sixth-largest oil company, by China’s state-owned energy giant CNOOC.
Three weeks ago, the government gave itself a 30-day extension of its review of CNOOC’s bid, moving the deadline to Nov. 10.
On Friday the government asked CNOOC for a further 30-day postponement, and the company agreed.
The new deadline is now Dec. 10.
Read more: Ottawa extends review of Chinese bid for Nexen - Business - CBC News
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