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Stikeman Elliott acting as Canadian Counsel to CNOOC in its $19.5 billion proposed acquisition of Nexen
Stikeman Elliott is acting as Canadian counsel to China National Offshore Oil Company in its proposed acquisition of Calgary-based Nexen Inc. for approximately US$19.5 billion in cash, including the assumption of debt. The transaction was announced on July 23, 2012.

The legal team in Calgary includes Chris Nixon and Benjamin Hudy (M&A), Brad Grant, Kurtis ReedCameron Anderson (Energy), Mike Dyck (Real Estate), Greg Plater (Environmental), Gary Clarke and Cheryl Rea (Employment), and David Weekes (Tax); in Toronto: William Braithwaite, John Ciardullo, Mike Devereux, Christos Gazeas, Warren NgJ.R. Laffin (M&A), Ron Durand and John O'Connor (Tax), Michael Kilby (Competition), Andrea Boctor and Luc Vaillancourt (Pensions), Kelly O'Ferrall (Employment), Larry Cobb (Environmental), and Lewis Smith (Debt); and in Ottawa: Lawson Hunter and Susan Hutton (Competition).

Click here to view the press release.