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MEG reiterates opposition to Husky takeover bid
MEG Energy announced it will waive its shareholder rights plan as it fights Husky Energy’s $6.4 billion hostile cash-and-share takeover offer. MEG noted the initial $3.3 billion value of the equity consideration of the bid on Sept. 30 had fallen to less than $2.5 billion by Dec. 21 because of a 30% decline in Husky’s share price during that time. Meanwhile, Husky said it is awaiting MEG shareholders’ response to its offer, which expires......
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