Cnooc Said to Agree on Canada’s Demands for Nexen Takeover Offer

Cnooc Said to Agree on Canada’s Demands for Nexen Takeover Offer

Nelson Ching/Bloomberg

Nexen stock jumped almost 7 percent last week, the biggest weekly gain since state-owned Cnooc bid for the Calgary-based oil company in July, suggesting investors are growing more optimistic the deal will be approved by the Canadian government.