China National Offshore Oil Company
Third quarter of 2012 saw 599 announced Canadian M&A transactions worth $58.6-billion
Initial 45-day review period was set to end Oct. 12; extended by 30 days
Opinion poll show 69 per cent Canadians oppose takeover.
Asks government to disclose criteria it is using to evaluate CNOOC takeover bid.
Industry Minister says process will initially take up to 45 days.
Paradis will review CNOOC Ltd.’s application before deciding whether or not to approve the transaction.
These major developments put Harper’s economic strategy put to the test.