One-Page Deal Sheet
Petronas to Acquire Progress Energy for $5.5 Billion
Petronas Progress Energy Resources Corp
Announced Date
June 29,2012
Close Date
December 12,2012
Transaction Type
Corporate
Enterprise Value (EV)($MM)
5500
Asset/Basin:
{Montney}
TargetZones:
{"Montney Shale"}
Location
Region
Canada
Country
Canada
Transaction Details: Subscribe to see
PETRONAS, the Malaysian national oil and
gas company, and Progress Energy Resources Corp. (Progress) (TSX:PRQ)
today announced that PETRONAS’ Canadian subsidiary, PETRONAS Carigali
Canada Ltd (PETRONAS Canada), and Progress have entered into an
agreement for the purchase by PETRONAS Canada of all of Progress’
outstanding common shares at a cash price of C$20.45 per share.
Including the amount to be paid for Progress’ outstanding convertible
debentures, the transaction is valued at approximately C$5.5 billion.
The transaction is to be completed by way of an arrangement under the
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