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…
Log in to read the publication.
An authorized user gets access to four FREE publications per month.
You can also buy a full access to all publications of the site since January 2014.