Three Canadian Firms on CNOOC's $2.1 Billion Bid for Oil Sands Producer

The only place where the natural resources M&A market rivals the flurry of deals coming out of Australia these days is Canada.

On Wednesday, China’s third-largest oil company, the government-owned China National Offshore Oil Corporation (CNOOC), made a $2.1 billion cash and debt offer to acquire Canadian oil sands firm OPTI Canada.

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