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2018-10-19 10:35:00

MEG & HUSKY TAKEOVER: $2.3 BLN

MEG & HUSKY TAKEOVER: $2.3 BLN

BLOOMBERG - MEG Energy Corp. said Wednesday it had rejected a C$3 billion ($2.3 billion) hostile takeover by Husky Energy Inc. and plans to launch a strategic review with an eye to finding another buyer.

The Calgary-based oil and natural gas company said its board unanimously rejected the unsolicited bid Husky made last month, arguing it significantly undervalues the company and that it expected superior offers to emerge.

"Over the last few years, there has been a substantial…

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Tags: MEG, HUSKY, TAKEOVER

Chronicle:

MEG HUSKY TAKEOVER: $2.3 BLN
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MEG HUSKY TAKEOVER: $2.3 BLN
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