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Strathcona formally launches takeover bid for oilsands peer MEG Energy

CALGARY — Strathcona Resources Ltd. has begun its formal takeover bid for fellow oilsands producer MEG Energy. Its offer comprises 0.62 of a common share of Strathcona and $4.10 in cash for each MEG share it doesn’t already own. The offer is open until Sept. 15. MEG says its board and legal and financial advisers […]


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