Harper Says Canada Approves Nexen, Progress Bids

Dec. 7 (Bloomberg) -- Canadian Prime Minister Stephen Harper speaks at a news conference in Ottawa about the government's approval of Cnooc Ltd.’s $15.1 billion takeover of Nexen Inc. and Petroliam Nasional Bhd.’s C$5.2 billion ($5.2 billion) takeover of Progress Energy Resources Corp. Harper said the two transactions are the end of a "trend" and the country will no longer allow state-owned companies to take over businesses in the nation’s oil sands, and will toughen requirements in other industries. (English and French. Source: Bloomberg)
M&A Cooks Valuation Volatility Into Packaged Food
04:30 - The packaged food industry, looked upon as a steady safe-haven for investors, is seeing increased volatility as M&A activity in the industry boosts valuations. Bloomberg's Michael Halen reports on "Bloomberg Markets." (Source: Bloomberg)
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