MEG Energy’s board rejects Strathcona’s $4.2B takeover offer

3 weeks ago 3

• Energy
• M&A

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MEG Energy's (OTCPK:MEGEF) board on Monday urged its shareholders to reject the nearly C$6B (~US$4.25B) hostile takeover offer from Strathcona Resources (OTCPK:STHRF), calling the bid inadequate and not in the best interest of shareholders.

The board also said it has initiated

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