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‘Fundamentally unattractive’: MEG urges shareholders to reject latest Strathcona bid

CALGARY — Oilsands developer MEG Energy Corp.’s board of directors is urging shareholders to reject a sweetened hostile bid from Strathcona Resources Ltd., deeming it inferior to the lower _ but more cash-heavy — friendly offer from industry heavyweight Cenovus Energy Inc. Last week, Strathcona revised its offer to 0.80 of a share for each […]


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