Petronas acquires shares of Progress Energy

By Staff | December 11, 2012 | Last updated on December 11, 2012
1 min read

S&P Canadian Index Services will make the following changes in the S&P/TSX Canadian Indices:

The shareholders of Progress Energy Resources Corp. (TSX:PRQ) have voted to accept the terms of an agreement with PETRONAS Canada, whereby the shares of Progress Energy will be acquired for cash consideration of $22.00 per share.

Read: Petronas deal blocked by federal government

Progress Energy will be removed from the S&P/TSX Composite and Capped Composite, the S&P/TSX Equity and Capped Equity, the S&P/TSX Completion and Equity Completion, the S&P/TSX Capped Energy, the S&P/TSX Composite Dividend and the S&P/TSX Composite Equal Weight Indices after the close of trading on Friday, December 14, 2012. staff


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