Malaysian state oil company Petronas has submitted a modified bid for Progress Energy Resources...

|About: Progress Energy Res (PRQNF)|By:, SA News Editor

Malaysian state oil company Petronas has submitted a modified bid for Progress Energy Resources (PRQNF.PK), Reuters reports, after the Canadian government blocked a $5.2B deal last month. Changes were not specified, but Petronas could be adding more independent directors to the Progress board to sweeten the deal.