Reuters: Regulatory News: Progress seeks to address Ottawa's concerns

Reuters: Regulatory News Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals. // via fulltextrssfeed.com

Progress seeks to address Ottawa's concerns Oct 20th 2012, 21:08 CALGARY, Alberta | Sat Oct 20, 2012 5:08pm EDT CALGARY, Alberta Oct 20 (Reuters) - Progress Energy Resources Corp said on Saturday that it would take the next 30 days to determine the nature of concerns that led to Ottawa's rejection of its takeover by Malaysia's Petronas and try to find remedies. Chief Executive Michael Culbert said in a statement that Progress's board and staff were disappointed by the 11th-hour rejection announced late Friday. He stressed that the long-term health of Canada's gas industry and the future of liquefied natural gas exports were dependent on investment by international companies such as Petronas.

You are receiving this email because you subscribed to this feed at blogtrottr.com. If you no longer wish to receive these emails, you can unsubscribe from this feed, or manage all your subscriptions