Monday, February 18, 2013

Significant chinese M&A deal approved in the USA

U.S. President Barack Obama’s administration this week approved a significant M&A deal involving a Chinese company: the acquisition of Nexen Inc., a global energy company, by the China National Offshore Oil Corp.

This transaction is the third Chinese purchase approved by the US administration in the last several months, being the other two the acquisitions of a U.S. biotechnology company and a U.S. battery manufacturer.

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