Canadian oil producer Strathcona to initiate takeover bid for MEG Energy-February 2024-www.financetom.com

Canadian oil producer Strathcona to initiate takeover bid for MEG Energy

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Canadian oil producer Strathcona to initiate takeover bid for MEG Energy

May 26, 2025 9:13 AM

May 15 (Reuters) - Canadian oil and gas producer

Strathcona said on Friday that it will initiate a

takeover bid for MEG Energy Resources in a deal that

values the Canadian energy firm at C$5.93 billion ($4.25

billion), according to Reuters calculations.

($1 = 1.3944 Canadian dollars)

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