Shareholders approve Progress takeover

Approved: Progress shareholders OK Petronas takeover

related stories

News Wires

 29 August 2012 23:01 GMT

Shareholders in Canada's Progress Energy Resources have approved a takeover bid from Malaysia's state oil company Petronas at C$22.00 a share, or near C$6 billion ($6.09 billion) including debt, Progress said.

Become an Upstream member!

Membership includes a subscription to our weekly newspaper providing in-depth news from the energy industry, plus full-access to this site and its archives. Still not convinced? Try our free trial.

Already a member?

Login

Upstream share price index