May 30, 04:31 PM

Strathcona Resources Launches $5.9 Billion Hostile Takeover Bid for MEG Energy with WEF Investment at $30.92

Strathcona Resources has launched a hostile takeover bid for MEG Energy valued at approximately $5.9 billion. This marks the first notable hostile takeover attempt in the Canadian oil sector since Husky's bid for MEG in 2018. The offer price includes an investment by the World Energy Fund (WEF) into the pro forma Strathcona Resources at $30.92 per share. MEG Energy is expected to respond within 15 days. Meanwhile, Mainstreet Equity Corp. announced a Normal Course Issuer Bid, and Sun Valley has initiated a new offer for shares of Mineros at a price of $5,500 per share.

#Strathcona Resources #MEG Energy #Canadian #Husky #MEG #World Energy Fund #WEF #Normal Course Issuer Bid #Sun Valley #Mineros

Written with ChatGPT (GPT-4).

Sources

Portafolio@Portafolioco
1 year ago
Sun Valley lanza nueva opa por acciones de Mineros: ¿cuánto espera adquirir? 🤔 La operación se llevará a cabo con un precio de oferta de $5.500 por acción. Esto es lo que se sabe. Detalles. ⬇️ https://t.co/nzcpED3aVQ
The Logic@the_logic
1 year ago
Strathcona Resources officially launches $5.9B MEG Energy hostile takeover bid. https://t.co/ozibjqMRjt
Julian Klymochko@JulianKlymochko
1 year ago
Strathcona Resources launched its hostile takeover offer for MEG Energy this morning, marking the first significant hostile takeover attempted in the Canadian oil patch since Husky made a play for MEG back in 2018. Here are the salient points: 1. Slim premium - The first notable https://t.co/LSoOcI8kJi

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