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Paulson Taps a Gusher in Nexen Takeover by CNOOC

John Paulson's firm was the biggest winner among hedge fund arbitrageurs in CNOOC's $15.1 billion energy acquisition

As any China watcher knows by now, China's global energy acquisition forays have tended to be big, hairy deals that capture the merger arbitrageurs' imagination. A few hedge fund firms led by Paulson & Co. played the uncertainties over the $15.1 billion acquisition of Canadian oil company Nexen by the China

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