Paul, Weiss client Nexen Inc., an independent, Canada-based global energy company with operations in the UK, Canada, Nigeria, the United States and elsewhere, has entered into a definitive agreement under which CNOOC Limited, China’s largest producer of offshore crude oil and natural gas and one of the largest independent oil and gas exploration and production companies in the world, will acquire all of the outstanding common shares of Nexen for $27.50 per share in cash, in a transaction valued at approximately $15.1 billion. The purchase price represents a premium of 61% to the closing price of Nexen’s common shares on the NYSE on July 20, 2012, and a premium of 66% to Nexen’s 20 trading-day volume-weighted average share price.

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Expanding its national labor & employment group while continuing its steady growth in the New York market,Venable LLP has added veteran labor and employment defense litigator Brian J. Clark as a partner in its New York office.

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Paul Hastings, a leading global law firm, announced today that the firm is representing Cequel Communications Holdings LLC, a cable-television and Internet-services provider which does business as Suddenlink Communications, in connection with its sale to BC Partners, CPP Investment Board and certain members of Suddenlink’s management team led by CEO Jerry Kent in a transaction valued at $6.6 billion. A group of equity investors, including Goldman Sachs, Oaktree Capital Management and Quadrangle, are selling their interests to the new investor group. The closing of the transaction is subject to regulatory approval and is expected in the fourth quarter of 2012.

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International law firm Milbank, Tweed, Hadley & McCloy LLP, led by Global Securities partner Robert W. Mullen, Jr., represented the Government of Bermuda (“Bermuda”) in its Rule 144A/Regulation S global offering of US$475 million 4.138% senior notes due 2023. The offering achieved the lowest fixed rate bond yield ever for Bermuda. The notes were dual listed on the Luxembourg and the Bermuda Stock Exchanges.

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