Nexen Canada And Progress Energy Deals Approved, Here Are The Facts

Prime Minister Stephen Harper announced the approval of foreign takeovers of Calgary-based Nexen Inc. and Progress Energy Resources Corp. on Friday afternoon.

But what are the details of the deals that will see China's state-owned CNOOC Ltd. and Malaysia's state-owned Petronas take control of Nexen and Progress respectively.

Here are some quick facts about the two deals.