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Petronas increases its takeover offer for Progress Energy (PRQNF.PK) to C$22/share, or ~C$5.8B, from an earlier bid of C$20.45/share following the Canadian gas producer's receipt of an unsolicited proposal from an unidentified third party. Cnooc's deal for Nexen triggered speculation that more Chinese firms could be on the prowl for North American energy assets.

Petronas increases its takeover offer for Progress Energy (PRQNF.PK) to C$22/share, or ~C$5.8B, from an earlier bid of C$20.45/share following the Canadian gas producer's receipt of an unsolicited proposal from an unidentified third party. Cnooc's deal for Nexen triggered speculation that more Chinese firms could be on the prowl for North American energy assets. Post your comment!