Paradis Says Canada Can Extend Cnooc-Nexen Deadline

Canada has the option to extend the Dec. 10 deadline for deciding on Cnooc Ltd. (883)’s bid for Nexen Inc (NXY), Industry Minister Christian said today, adding that his comments shouldn’t be interpreted as a signal about the timing of an announcement.

Dec. 10 “is the deadline. It could be extended, but once again, I won’t speculate,” Paradis told reporters after giving a speech in Ottawa. “It’s too market-sensitive.”

“I don’t want to send any signals,” Paradis said. “Don’t interpret nothing from what I’m saying here.”

To contact the reporter on this story: Andrew Mayeda in Ottawa at amayeda@bloomberg.net

To contact the editor responsible for this story: Paul Badertscher at pbadertscher@bloomberg.net

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