Nexen schedules vote on CNOOC's $15.1 billion offer

(Reuters) - Nexen Inc said on Friday that shareholders would vote next month on whether to approve the $15.1 billion friendly offer for the Canadian oil producer made last month by China's CNOOC Ltd .

Nexen said in a statement it would hold a special meeting of shareholders on September 20 to vote on the richest foreign takeover ever by a Chinese company, if completed.

CNOOC is offering $27.50 per share for Nexen, a 61 percent premium to where the stock was trading prior to the July 23 bid. The offer has the support of Nexen's board.

Along with shareholder approval, the takeover must also be approved by the Chinese, Canadian and U.S. governments.

Nexen shares were down 6 Canadian cents at C$25.48 in early afternoon Toronto Stock Exchange trading.

($1=$0.99 Canadian)

(Reporting by Scott Haggett in Calgary, Alberta; Editing by Lisa Von Ahn and Tim Dobbyn)

Source: http://news.yahoo.com/nexen-schedules-vote-cnoocs-15-1-billion-offer-170607149--finance.html

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