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flag Strathcona Resources offers $30.86 per share for MEG Energy, 11% more than Cenovus Energy's bid.

flag Strathcona Resources has raised its offer to acquire MEG Energy, proposing 0.80 of its own shares per MEG share, which is about $30.86 per share, an 11% premium over rival Cenovus Energy's bid. flag The offer, expiring on October 20, also includes a special distribution of $2.142 billion to Strathcona shareholders. flag Strathcona aims to vote against the MEG-Cenovus tie-up at a shareholders meeting on October 9.

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