Progress’ Petronas Sale Fails to Die as Deal Odds Rise

Progress’ Petronas Sale Fails to Die as Deal Odds Rise

Goh Seng Chong/Bloomberg

The Petronas Twin Towers (KLCC) stand illuminated at dusk in Kuala Lumpur. While Progress Energy sank 15 percent last week after the rejection, Canadian Finance Minister Jim Flaherty did say Petronas can try to persuade government officials to reconsider.