The Conservative Government Has Approved Two Major Energy Takeover Deals, a Bid for Nexen Inc., and Another for Progress Energy

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The federal government has approved two major energy takeover deals, green-lighting a bid for Calgary-based Nexen Inc. by a Chinese state oil company and another for Progress Energy by Malaysia's Petronas. But under new guidelines for evaluating takeovers by foreign state-owned enterprises, oilsands company bids will be limited to exceptional cases.
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