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Alleged insider trading casts doubts on oil deal

By Zheng Yangpeng | China Daily | Updated: 2012-08-01 08:03

But analysts still suggest chances are good that offer will be approved

China's potentially largest overseas acquisition to date was clouded by an insider-trading investigation that the US launched last week, but analysts said the charges shouldn't affect US regulators' decision on whether to approve the deal.

Instead, analysts said, overseas politics that pose a potential threat to the deal should be a greater concern to CNOOC Ltd more.

Alleged insider trading casts doubts on oil deal

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