League-leader Magnolia escapes Blackwater for 5th straight win View comments MOST READ Peraso, though, knows the the arrival of blue chip recruits adds puts more pressure on the Fighting Maroons to make it to the Final Four for the first time since 1997, but the incoming third year mentor welcomed that challenge.“The natural progression of our performance should be to make it to the Final Four this season,” he said. “A better team will give us better chances to make it. Pressure is good and we embrace it.” Sports Related Videospowered by AdSparcRead Next Photo by Tristan Tamayo/ INQUIRER.netAll eyes will be on NCAA Season 93 Juniors Most Valuable Player Will Gozum, who has committed to return to University of the Philippines, but coach Bo Perasol doesn’t want to put too much pressure on the new recruit.“I don’t want to put unnecessary pressure on him,” the approachable mentor said on Friday. “For as long as he does what’s expected of him, which is to get the rebounds and play defense, that’s fine by me.”ADVERTISEMENT Nonito Donaire vs Naoya Inoue is BWAA 2019 Fight of the Year Lights inside SMX hall flicker as Duterte rants vs Ayala, Pangilinan anew Nueva Ecija warehouse making fake cigarettes raided, 29 Chinese workers nabbed Almazan vows to comeback stronger after finals heartbreak Newsome sets focus on helping Bolts open new PBA season on right track LATEST STORIES OSG plea to revoke ABS-CBN franchise ’a duplicitous move’ – Lacson Trending Articles PLAY LIST 00:50Trending Articles01:06Pope Francis apologizes for ‘losing patience’ with worshipper01:32UAAP Season 81: Racela says he’ll be ‘surprised’ if Ateneo loses a game in elims02:14Carpio hits red carpet treatment for China Coast Guard02:56NCRPO pledges to donate P3.5 million to victims of Taal eruption00:56Heavy rain brings some relief in Australia02:37Calm moments allow Taal folks some respite03:23Negosyo sa Tagaytay City, bagsak sa pag-aalboroto ng Bulkang Taal01:13Christian Standhardinger wins PBA Best Player award OSG plea to revoke ABS-CBN franchise ’a duplicitous move’ – Lacson Jiro Manio arrested for stabbing man in Marikina For the complete collegiate sports coverage including scores, schedules and stories, visit Inquirer Varsity. Michael Porter Jr. stays patient as playing time increases Don’t miss out on the latest news and information. Pressure is inevitable, though, as Gozum’s arrival adds more excitment for the title-thirsty UP, which has also tapped Nigerian big man Bright Akhuetie to join holdovers Paul Desiderio, Jun Manzo, Javi Gomez de Liaño and Season 80 Rookie of the Year Juan Gomez de Liaño.READ: NCAA jrs MVP Will Gozum commits to UPFEATURED STORIESSPORTSTim Cone, Ginebra set their sights on elusive All-Filipino crownSPORTSGinebra beats Meralco again to capture PBA Governors’ Cup titleSPORTSAfter winning title, time for LA Tenorio to give back to Batangas folkPerasol, however, will be treating the former Mapua Red Robin with kid gloves in the hopes of helping the 6-foot-6 big man reach his peak and match the hype.“If he lives up to his potential, he will be a great asset to the program,” he said.
The deadline for Aecon Group Inc. to complete its sale to a Chinese state-owned business has been extended to July 13 as Ottawa continues its national security review of the $1.5-billion deal.The Toronto-based construction company and acquirer CCCC International Holding Ltd. (CCCI) had faced a self-imposed deadline of Friday to close the controversial transaction.“The parties chose to extend the outside date because of the ongoing review of the proposed transaction under the Investment Canada Act,” Aecon said in a brief statement on Wednesday.“As Aecon previously disclosed in February, its expectation is that, assuming approval under the Investment Canada Act and the satisfaction of other customary closing conditions for a transaction of this nature, the transaction will close before the end of the second quarter and before the July 13, 2018, outside date of the arrangement agreement.”The national security review ordered by Ottawa in February was to wrap up within 45 days, or late this week, but Navdeep Bains, minister of Innovation, Science and Economic Development, wouldn’t say Wednesday if it was being extended.“We will take the appropriate time that we need,” the minister said. “So it’s not about any specific date, it’s making sure we do our proper due diligence.”He wouldn’t say what issues the review is examining, nor would he speculate about what measures it may order.The review’s extension for a second 45-day period can be inferred by the Aecon news release and comes as no shock, said analyst Derek Spronck of RBC Dominion Securities in a note to investors.“Due to the nature of the transaction, the government previously indicated that it will need to do a comprehensive and thorough review and, as such, the extension of the outside date is not surprising,” he wrote.“The government clearly invoked this second 45-day review period,” he said, pegging a potential decision by May 11.Analyst Chris Murray of AltaCorp Capital said in a report Wednesday he continues to believe the government will demand changes as a condition of approval. He said previously the government might order the sale of Aecon’s telecom infrastructure group, which builds core communications networks for several major Canadian carriers.“Given the precedents set through prior security reviews, we believe it likely that there could be some impact to the transaction, which could include divestitures or other conditions being imposed, which could prompt further delays or changes in the transaction,” he wrote.The takeover of Aecon by CCCI has been criticized by several people, including Conservative MP Tony Clement, a former industry minister.Government approval under the Investment Canada Act is the last major hurdle that Aecon must clear to close the deal.The company has already received approval from the Competition Bureau, Aecon shareholders and the Chinese government.With a file from Ross Marowits in Montreal.Follow @HealingSlowly on Twitter.Companies in this story: (TSX:ARE)Note to readers: This is a corrected story. A previous version said the company’s headquarters is in Calgary.