MEG Board Urges Shareholders to Reject Latest Strathcona Takeover Bid

'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.

‘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.

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

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

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.

MEG board urges shareholders to reject latest Strathcona takeover bid

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MEG Energy rejects Strathcona’s latest bid in favor of Cenovus cash deal – Oil & Gas 360

(World Oil) – 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. Source: MEG Energy Strathcona, controlled by former investment banker Adam Waterous, last week offered 0.8 of a share for each share of MEG, valuing the Calgary-based target at around C$7.6 billion ($5.5 billion), based on Friday’s closing pri