Reuters: Regulatory News: BRIEF-Canada says not satisfied that the proposed bid by Petronas for Progress is likely to be of net benefit to Canada

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BRIEF-Canada says not satisfied that the proposed bid by Petronas for Progress is likely to be of net benefit to Canada Oct 20th 2012, 04:15 Sat Oct 20, 2012 12:15am EDT Oct 20 (Reuters) - Progress Energy Resources Corp : * Canada says not satisfied that the proposed bid by petronas for Progress is likely to be of net benefit to Canada * Canada industry minister says came to this decision after a careful and thorough review of the proposed transaction * Canada industry minister says petronas now has up to 30 days to make any

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