CNOOC Limited acquires OPTI Canada Inc for USD2.1bn.
M2 EQUITYBITES-November 29, 2011-CNOOC Limited acquires OPTI Canada Inc for USD2.1bn(C)2011 M2 COMMUNICATIONS http://www.m2.com
Oil & gas company CNOOC Limited (NYSE:CEO) (SEHK:0883) announced on Monday the completion of its acquisition of OPTI Canada Inc (OPTI) for a purchase price of approximately USD2.1bn.
This purchase was initiated by the company's wholly-owned subsidiary, CNOOC Luxembourg Sarl.
In conjunction, OPTI will file an application to delist the OPTI shares with the TSX Venture Exchange effective 1 December 2011.
Additionally, OPTI will redeem all of its outstanding USD825m first lien notes at 102% of the principal amount of the first lien notes plus accrued and unpaid interest to the date of redemption, pursuant to the indentures governing the notes.
((Comments on this story may be sent to firstname.lastname@example.org)).END.PUB430>PDNovember 29, 2011>JNM2 EQUITYBITES.PRICEDATENOT APPLICABLE.DAY
|Printer friendly Cite/link Email Feedback|
|Publication:||M2 EquityBites (EQB)|
|Date:||Nov 29, 2011|
|Previous Article:||Perrigo Company gets final FDA approval for cough expectorant generic Mucinex, 600 mg.|
|Next Article:||Exxon Mobil Corporation announces planned departure of vice president and president, Harold R. Cramer with more than 38 years of service.|