PQEFF - Viston United Swiss withdraws takeover bid for Petroteq Energy after U.S. probe

• Petroteq Energy ( OTCPK:PQEFF ) on Monday said Viston United Swiss unit Ontario had withdrawn its offer to acquire the oil company, more than a month after a U.S. committee on foreign investment opened a probe into the all-cash offer.
• PQEFF said its shareholders that had already tendered their shares to the offer would have them returned.
• In early July, the Committee on Foreign Investment in the U.S. had undertaken an investigation of Viston's offer for Petroteq ( OTCPK:PQEFF ).
• "Petroteq looks forward to continuing to operate its business to drive shareholder value," the company said in a statement .

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