• Sign up for the Daily Digest E-mail
  • Facebook
  • Twitter
  • LinkedIn
Sign up
  • Home
  • Headlines
    • Latest Headlines
    • Columns
    • Discussions
  • Well Activity Map
  • Property Listings
  • Land Sales
  • M&A Activity
    • M&A Database
    • AER Transfers
  • Markets
  • Rig Counts
    • CAODC Rig Count
    • Baker Hughes Rig Count
    • USA Rig Count
  • Industry Data
    • Canada Well Licences
    • USA Market Data
    • Data Subscription
  • Jobs

BOE Report

Sign up
  • Home
  • Headlines
    • Latest Headlines
    • Columns
    • Discussions
  • Well Activity Map
  • Property Listings
  • Land Sales
  • M&A Activity
    • M&A Database
    • AER Transfers
  • Markets
  • Rig Counts
    • CAODC Rig Count
    • Baker Hughes Rig Count
    • USA Rig Count
  • Industry Data
    • Canada Well Licences
    • USA Market Data
    • Data Subscription
  • Jobs

MEG Energy Responds to Husky Energy’s Announcement of an Intention to Make an Unsolicited Offer

September 30, 20188:45 PM CNW

Shareholders Advised to Take No Action Pending Review of Offer

CALGARY, Sept. 30, 2018 /CNW/ – MEG Energy Corp. (TSX: MEG) (“MEG” or the “Company”) acknowledges today’s announcement by Husky Energy Inc. (“Husky”) that Husky intends to make an unsolicited offer to acquire all of the issued and outstanding common shares of MEG.

The MEG Board of Directors will consider and evaluate the Husky offer and related take-over bid circular, if and when received. To assist the Board in this process the Board has formed a special committee comprised of independent directors (the “Special Committee”) and has retained financial and legal advisors.

No formal offer has been made and MEG shareholders are advised to take no action with respect to any Husky offer until the Board of Directors has had an opportunity to fully review the offer, when received, and to make a recommendation as to its merits. Shareholders will be notified of any recommendation of the Board of Directors through a news release and circular in accordance with applicable securities laws.

Legal counsel to MEG’s Board and Special Committee is Bennett Jones LLP and BMO Capital Markets has been retained as financial advisor. Kingsdale is serving as MEG’s information agent.

About MEG Energy Corp.

MEG Energy Corp. is focused on sustainable in situ oil sands development and production in the southern Athabasca oil sands region of Alberta, Canada. MEG is actively developing enhanced oil recovery projects that utilize SAGD extraction methods. MEG’s common shares are listed on the Toronto Stock Exchange under the symbol “MEG”.

Advisories & Contact
For further information, please contact:

John Rogers
Vice President, Investor Relations and External Communications
403-770-5335
john.rogers@megenergy.com

SOURCE MEG Energy Corp.

 

View original content: http://www.newswire.ca/en/releases/archive/September2018/30/c4878.html

Husky Energy MEG Energy

Follow the BOE Report
  • Facebook
  • Twitter
  • LinkedIn
Sign up for the BOE Report Daily Digest E-mail
Latest Headlines
  • Documents show Biden plans Day 1 order nixing Keystone XL
  • Oilpatch woes boost Calgary’s downtown office vacancy rates to record levels
  • Distinction Energy Corp. (formerly named Delphi Energy Corp.) announces amendment and exercise of warrants issued to Kiwetinohk Resources Corp. and related amendments to Investor Agreement and Management Services Agreement
  • Cardinal announces its 2021 operating and capital budget focused on continued debt reduction and asset optimization
  • Newfoundland government to fund refinery as search for buyer continues

Return to Home
Alberta Gas
CAD/GJ
Market Data by TradingView

About
  • About BOEReport.com
  • In the News
  • Terms of Use
  • Privacy Policy
Resources
  • App
  • Widgets
  • Notifications
  • Daily Digest E-mail
Get In Touch
  • Advertise
  • Post a Job
  • Contribute
  • Contact
Featured In
  • CamTrader
  • Rigger Talk
Data Partner
  • Foxterra
BOE Network
© 2021 Grobes Media Inc.