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Nexen Price Defies Hedge Fund Cnooc Deal Bets

Bloomberg – When Justin Trudeau, running for leader of Canada’s third-largest political party, said he favored Cnooc Ltd. (883)’s bid for Nexen Inc. (NXY), lobbyist John Capobianco got a flurry of calls from investors looking to make money on one of the last big global mergers of the year.

U.S. investors wanted to know if the move would affect Canada’s review of the $15.1 billion takeover, even though Prime Minister Stephen Harper’s government doesn’t need the support of Trudeau’s Liberal Party to remain in power.

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