Canadian oil producer Strathcona to initiate takeover bid for MEG Energy
ReutersMay 16, 2025 4:10 AM
May 15 (Reuters) - Canadian oil and gas producer Strathcona SCR.TO said on Friday that it will initiate a takeover bid for MEG Energy Resources MEG.TO in a deal that values the Canadian energy firm at C$5.93 billion ($4.25 billion), according to Reuters calculations.
($1 = 1.3944 Canadian dollars)
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