Thread: News Stories
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Old 2012-07-23, 10:16   Link #22620
anigu
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Join Date: Jul 2012
Quote:
Originally Posted by Paranoid Android View Post
CALGARY - Oil and gas producer Nexen Inc. (TSX:NXY) has agreed to be acquired by China National Offshore Oil Company for US$15.1 billion cash.

http://www.edmontonjournal.com/busin...404/story.html

Where do they get so much cash? And why are they paying in cash? :S
Yeah, I was wondering that too. Never thought to see big corporates paying by pure cashes. And this is 15.1 billions to add.
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