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Canada's Strathcona to offer 0.80 shares for every MEG share in new amended bid
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Canada's Strathcona to offer 0.80 shares for every MEG share in new amended bid
Sep 8, 2025 2:09 AM

Sept 8 (Reuters) - Canadian oil and gas producer

Strathcona Resources ( STHRF ) said on Monday that it is amending

its proposal to acquire all of MEG Energy's ( MEGEF ) outstanding

shares and would now offer 0.80 of its shares for every MEG

share.

In May, Strathcona said it plans to launch a nearly C$6

billion ($4.3 billion) hostile takeover bid for rival MEG

Energy ( MEGEF ). Strathcona was previously offering 0.62 share and C$4.10

in cash for each MEG share.

($1 = 1.3815 Canadian dollars)

(Reporting by Rishabh Jaiswal in Bengaluru; Editing by Mrigank

Dhaniwala)

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