MEG Board Rejects Richer Bid From Billionaire Waterous’s Strathcona
NegativeFinancial Markets

MEG Energy Corp.'s board has rejected a higher bid from Strathcona Resources Ltd. in favor of a competing offer from Cenovus Energy Inc., advising shareholders to remain with the latter.
Editor’s Note: This decision is significant as it highlights the competitive nature of the oil sands market and the strategic choices facing shareholders. The rejection of a richer bid may impact investor confidence and future acquisition attempts.
— Curated by the World Pulse Now AI Editorial System