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Strathcona Resources proposes $5.9 billion takeover of MEG Energy, boosting Canada's oil sector.
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.
This comes after Strathcona's initial takeover offer was rejected.
Strathcona already owns 9.2% of MEG and believes the merger would create Canada's fifth-largest oil producer with significant cost-saving opportunities.
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Strathcona Resources propone una adquisición de MEG Energy por 5.900 millones de dólares, lo que impulsará el sector petrolero de Canadá.