Strathcona vs. Cenovus: The Battle for MEG Energy
Update: 2025-09-09
Description
Strathcona Resources just upped the ante in its battle for MEG Energy! Their new all-share offer, valuing MEG at $31 per share, beats Cenovus's bid, plus includes a special payout twist for investors. With Strathcona voting against the Cenovus deal and promising major synergies, this takeover could reshape Canada's oil sands and create a North American oil production giant. Will MEG investors bite, or will Cenovus hold its ground? The clock is ticking!
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