Canada’s Strathcona to launch $4.3 bln takeover bid for peer MEG Energy
Investing.com-- Canada’s Strathcona Resources (TSX:SCR) said on Thursday that it plans to launch a formal takeover bid to acquire all remaining shares of MEG Energy Corp (TSX:MEG), offering a mix of cash and stock that values the target at about C$5.95 billion ($4.3 billion).