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Stocks in play: MEG Energy Corp.

Baystreet.ca

Says its shareholders have been reminded by Husky Energy to tender their shares immediately in support of Husky’s full and fair offer announced on September 30, 2018. Under the terms of Husky’s offer, each MEG shareholder has the option to choose to receive consideration per MEG share of $11 in cash or 0.485 of a Husky share, subject to maximum aggregate cash consideration of $1 billion and a maximum aggregate number of Husky shares issued of approximately 107 million.The proposed transaction has met all regulatory requirements, including approval granted under the Investment Canada Act. MEG Energy Corp. shares T.MEG are trading down $0.14 at $8.03.