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

Markets

Geoffrey Morgan

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June 16, 2025

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Bloomberg

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.

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