Reported about 10 hours ago
Canada's Strathcona Resources has enhanced its takeover offer for MEG Energy, proposing 0.80 common shares for each MEG share, valuing MEG at C$30.86 per share, which reflects an 11% premium over a prior agreement with Cenovus Energy. This revised bid follows Strathcona's acquisition of approximately 6.66 million MEG shares and marks a 10% increase from its initial bid. MEG's board is set to review the offer and respond by September 15, 2025.
Source: YAHOO