Canada rejected Malaysian-controlled Petroliam Nasional's $5.2 billion takeover of Canadian natural-gas producer Progress Energy Resources, in a surprise that could bode ill for another proposed acquisition by China's Cnooc.
WSJ.com: What's News US, Wall Street Journal
Sat, 10/20/2012 - 5:55am
Canada rejected Malaysian-controlled Petroliam Nasional's $5.2 billion takeover of Canadian natural-gas producer Progress Energy Resources, in a surprise that could bode ill for another proposed acquisition by China's Cnooc.