Petronas again extends the closing date of its offer to buy Canada's Progress Energy (PRQNF.PK),...

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

Petronas again extends the closing date of its offer to buy Canada's Progress Energy (PRQNF.PK), setting Dec. 30 as the new deadline as it awaits Canadian government approval for the $5.2B deal. Since the deal was rejected last month, the Malaysian state-owned company has submitted a fresh set of undertakings to the government.