Strathcona Defends Unsolicited Takeover Offer for Oilsands Peer MEG Energy

Strathcona defends unsolicited takeover offer for oilsands peer MEG Energy

CALGARY — Strathcona Resources Ltd. says MEG Energy Corp. has made errors and misleading statements in its justifications for rejecting its unsolicited takeover bid. Last month, Strathcona made a cash-and-stock offer to buy all of the MEG shares it does not already own, and MEG shares have consistently been trading higher than the implied offer […]

MEG Energy urges shareholders to reject Strathcona’s hostile takeover offer

Board calls nearly $6-billion bid inadequate, launches a strategic review to explore alternatives

MEG Energy’s Board Rejects Strathcona’s $4.1 Billion Takeover Bid

MEG Energy Corp.’s board is urging investors to reject what it calls an “inadequate, opportunistic” $4.1-billion hostile takeover bid from Canadian oil tycoon Adam Waterous’ Strathcona Resources Ltd.

MEG Energy urges shareholders to reject takeover offer by Strathcona Resources

CALGARY - MEG Energy Corp. says its board of directors is urging shareholders to reject an unsolicited takeover offer by Strathcona Resources Ltd., calling it opportunistic and not in the best interests of the company or its investors.

MEG Energy seeks alternatives after rejecting $4.4-billion bid from Strathcona – Oil & Gas 360

(Oil Price) – Canada’s Strathcona Resources supports MEG Energy in its process to explore potential mergers after MEG recommended that shareholders reject a $4.4 billion (C$6 billion) takeover offer from Strathcona. Last month, Strathcona, MEG’s second-largest shareholder with about 9%, made an offer to acquire MEG Energy for the equivalent of some $4.4 billion in cash and stock. A deal would have turned the combined company into the fourth-large