Nexen stock off after report of Total bid dropped

摘要

London-Canadian independent Nexen's stock price December 3 gave back the gains of the previous day after a report that France's Total has dropped plans for a possible takeover bid for the company. Nexen's share price, after being down by as much as 24% in trading on the Toronto Stock Exchange, closed 9.3% lower at C$21.65 ($17.28). The fall reverses the 9.3% gain the previous day after London's Financial Times reported on its web site that Total was considering a bid of up to C$38/share or $16.1 billion for Nexen.