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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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.
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.
