Canada blocks Petronas' $5.2 billion bid for Progress Energy
http://www.reuters.com/article/2012/...89J02X20121020
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Canada has blocked Malaysian state oil firm Petronas' C$5.17 billion ($5.22 billion) bid for gas producer Progress Energy Resources Corp, a surprise move that could signal problems for a much bigger offer by China's CNOOC Ltd for oil producer Nexen Inc.
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