Democracy Gone Astray

Democracy, being a human construct, needs to be thought of as directionality rather than an object. As such, to understand it requires not so much a description of existing structures and/or other related phenomena but a declaration of intentionality.
This blog aims at creating labeled lists of published infringements of such intentionality, of points in time where democracy strays from its intended directionality. In addition to outright infringements, this blog also collects important contemporary information and/or discussions that impact our socio-political landscape.

All the posts here were published in the electronic media – main-stream as well as fringe, and maintain links to the original texts.

[NOTE: Due to changes I haven't caught on time in the blogging software, all of the 'Original Article' links were nullified between September 11, 2012 and December 11, 2012. My apologies.]

Wednesday, August 29, 2012

Paradis says review of CNOOC's $15.1-B takeover of Nexen has begun

CALGARY - Ottawa has kicked off its review of China National Offshore Oil Co.'s $15.1-billion deal to buy Calgary-based Nexen Inc.

Industry Minister Christian Paradis says CNOOC has filed its application and he's conducting a review of the proposed acquisition.

The review will take 45 days initially, but can be extended by 30 days or more.

In reviewing foreign takeovers, the minister must decide whether the deal would be of net benefit to Canada.

The Competition Bureau is also conducting its own review.

Nexen (TSX:NXY) and CNOOC announced their friendly deal on July 23 after two months of negotiations.

Original Article
Source: winnipeg free press
Author: The Canadian Press
Topics: , , , , , ,

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