Tuesday, July 10, 2001
Conoco nets approval for Gulf Canada deal
Houston Business Journal
Conoco Inc. has gained regulatory approval for its $4.3 billion cash purchase of Gulf Canada Resources Ltd.
Houston-based Conoco said Canadian Minister of Industry Brian Tobin had approved the acquisition of Gulf Canada Resources by Conoco's subsidiary, Conoco Northern Inc.
All required regulatory approvals for the transaction have been received, the company said.
The deal was first announced May 29.
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