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MEG Board Urges Shareholders to Reject Latest Strathcona Takeover Bid

MEG Energy Corp. is recommending its shareholders reject the latest takeover offer by Strathcona Resources Ltd.
MEG's board unanimously recommends shareholders back its friendly deal to be acquired by Cenovus Energy Inc. instead.
The Cenovus deal requires approval by a two-thirds majority vote by MEG shareholders expected on Oct. 9.

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'Fundamentally unattractive': MEG urges shareholders to reject latest Strathcona bid

Oilsands developer MEG Energy Corp.'s board of directors is urging shareholders to reject a sweetened hostile bid from Strathcona Resources Ltd., deeming it inferior to the lower — but more cash-heavy — friendly offer from industry heavyweight Cenovus Energy Inc.

2 months ago·Canada

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BNN Bloomberg

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‘Fundamentally unattractive’: MEG urges shareholders to reject latest Strathcona bid

Oilsands developer MEG Energy Corp.’s board of directors is urging shareholders to reject a sweetened hostile bid from Strathcona Resources Ltd., deeming it inferior to the lower — but more cash-heavy — friendly offer from industry heavyweight Cenovus Energy Inc.

2 months ago·Canada

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The Globe & Mail

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MEG Energy urges investors to reject revised Strathcona bid, backs Cenovus deal

MEG board chair says sweetened Strathcona deal ‘remains fundamentally unattractive’

2 months ago·Canada

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Bloomberg

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MEG Board Rejects Richer Bid From Billionaire Waterous’s Strathcona

MEG Energy Corp.’s board turned down Strathcona Resources Ltd.’s sweetened offer to buy the oil sands producer, recommending that shareholders stick with a rival offer from Cenovus Energy Inc.

2 months ago·United States

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