Strathcona Resources Ltd. Commences Offer to Acquire MEG Energy Corp.
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 30 2025
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Should l Buy ?
Source: PRnewswire
Strathcona Resources Ltd. Offer: Strathcona has initiated an offer to acquire all outstanding shares of MEG Energy Corp., proposing 0.62 Strathcona shares and $4.10 in cash per MEG share, with the offer open until September 15, 2025.
Equity Investment Commitment: Waterous Energy Fund has committed to invest approximately $662 million in Strathcona through subscription receipts, which is expected to bolster Strathcona's financial position as it seeks to complete the acquisition of MEG.
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
