NewsAlert: Strathcona Resources makes takeover offer for MEG Energy

Published: 2025-05-16 06:34:06 ET SCR.TO

Published on 05/16/2025 at 06:34

CALGARY - Strathcona Resources Ltd. is making a takeover stock-and-cash offer for MEG Energy Corp. that values the company at about $5.9 billion.

Strathcona is offering 0.62 of a Strathcona share and $4.10 in cash per MEG share in the proposal, worth $23.27 per MEG share based on the closing price of its shares on Thursday.

More coming.

Companies in this story: (TSX:SCR, TSX:MEG)