Learn languages naturally with fresh, real content!

tap to translate recording

Explore By Region

flag Strathcona Resources proposes $5.9 billion takeover of MEG Energy, boosting Canada's oil sector.

flag Strathcona Resources is proposing a $5.9 billion stock-and-cash takeover of oilsands producer MEG Energy, offering 0.62 of a Strathcona share and $4.10 in cash per MEG share, valued at $23.27. flag This comes after Strathcona's initial takeover offer was rejected. flag Strathcona already owns 9.2% of MEG and believes the merger would create Canada's fifth-largest oil producer with significant cost-saving opportunities.

26 Articles

Further Reading