After being rebuffed by MEG Energy on its offer to acquire all the issued and outstanding shares of the company, Strathcona said it “welcomes the MEG board’s efforts to market-test the offer ...

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 ...

MEG Energy has rejected a $4.4 billion takeover offer from Strathcona Resources and is now exploring alternative merger opportunities, with Strathcona expressing support for the process.

Strathcona, backed by Waterous Energy Fund, in May offered to acquire those MEG shares it does not already own for 0.62 per share of Strathcona and C$4.10 in cash per MEG share.

CALGARY – MEG Energy Corp.’s board of directors is urging shareholders to reject an unsolicited takeover offer by oilsands peer Strathcona Resources Ltd., calling it opportunistic and not ...

MEG Energy's Board Recommends Shareholders Reject the Strathcona Offer and NOT TENDER Their Shares (CNW Group/MEG Energy Corp.) ...

In May, the Canadian oil and gas producer Strathcona Resources said it planned to launch a hostile takeover bid for MEG Energy, valuing its rival's shares at C$23.27 per share. Later, MEG advised its ...

The Offer remains open until September 15, 2025. MEG's Board formed a Special Committee to conduct a thorough evaluation of the Offer with the assistance of financial and legal advisors.

Canadian oil producer MEG Energy on Monday urged its shareholders to reject a nearly C$6 billion ($4.42 billion) hostile takeover offer from Strathcona Resources , calling the bid inadequate and ...

CALGARY — MEG Energy Corp.’s board of directors is urging shareholders to reject an unsolicited takeover offer by oilsands peer Strathcona Resources Ltd., calling it opportunistic and not in the best ...