Strathcona Continues To Push for Deal With MEG Energy Despite Snubs -- Market Talk

Dow Jones

09/16

1021 ET - Strathcona isn't giving up on a tie-up with MEG Energy, even if it keeps getting rebuffed. MEG Energy is still looking to push through its marriage with Cenovus, even after a new offer from Strathcona. Strathcona says it still has "strong shareholder support" for its bid. The shareholder meeting to decide the fate of the company is on Oct. 9, and Strathcona, which has been buying shares in MEG Energy, says it will use its now 14.2% interest to vote against the deal. "Strathcona is disappointed that the MEG Board has elected to re-commit to the MEG Board Deal, despite the clearly superior Amended Offer," it says, adding that its offer delivers both an upfront premium to the MEG Board Deal "and allows MEG shareholders to fully participate in future upside as part of a bigger, stronger business." (adriano.marchese@wsj.com)

(END) Dow Jones Newswires

September 16, 2025 10:21 ET (14:21 GMT)

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MEG Energy is still looking to push through its marriage with Cenovus, even after a new offer from Strathcona. Strathcona says it still has \"strong shareholder support\" for its bid. The shareholder meeting to decide the fate of the company is on Oct. 9, and Strathcona, which has been buying shares in MEG Energy, says it will use its now 14.2% interest to vote against the deal. \"Strathcona is disappointed that the MEG Board has elected to re-commit to the MEG Board Deal, despite the clearly superior Amended Offer,\" it says, adding that its offer delivers both an upfront premium to the MEG Board Deal \"and allows MEG shareholders to fully participate in future upside as part of a bigger, stronger business.\" (adriano.marchese@wsj.com) \n</p>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  September 16, 2025 10:21 ET (14:21 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Strathcona Continues To Push for Deal With MEG Energy Despite Snubs -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nStrathcona Continues To Push for Deal With MEG Energy Despite Snubs -- Market Talk\n</h2>\n<h4 class=\"meta\">\n<div class=\"head\" \">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time smaller\">2025-09-16 22:21</p>\n</div>\n</div>\n</h4>\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     1021 ET - Strathcona isn't giving up on a tie-up with MEG Energy, even if it keeps getting rebuffed. MEG Energy is still looking to push through its marriage with Cenovus, even after a new offer from Strathcona. Strathcona says it still has \"strong shareholder support\" for its bid. The shareholder meeting to decide the fate of the company is on Oct. 9, and Strathcona, which has been buying shares in MEG Energy, says it will use its now 14.2% interest to vote against the deal. \"Strathcona is disappointed that the MEG Board has elected to re-commit to the MEG Board Deal, despite the clearly superior Amended Offer,\" it says, adding that its offer delivers both an upfront premium to the MEG Board Deal \"and allows MEG shareholders to fully participate in future upside as part of a bigger, stronger business.\" (adriano.marchese@wsj.com) \n</p>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  September 16, 2025 10:21 ET (14:21 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"IE00B66KJ199.SGD","symbol_name":"LEGG MASON ROYCE US SMALL CAP OPPORTUNITY  \" A\" (SGD) ACC","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2567061485","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2567061485","pubTimestamp":1758032460,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"1021 ET - Strathcona isn't giving up on a tie-up with MEG Energy, even if it keeps getting rebuffed. MEG Energy is still looking to push through its marriage with Cenovus, even after a new offer from Strathcona. Strathcona says it still has \"strong shareholder support\" for its bid. The shareholder meeting to decide the fate of the company is on Oct. 9, and Strathcona, which has been buying shares in MEG Energy, says it will use its now 14.2% interest to vote against the deal. \"Strathcona is disappointed that the MEG Board has elected to re-commit to the MEG Board Deal, despite the clearly superior Amended Offer,\" it says, adding that its offer delivers both an upfront premium to the MEG Board Deal \"and allows MEG shareholders to fully participate in future upside as part of a bigger, stronger business.\" ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"IE00B66KJ199.SGD":"LEGG MASON ROYCE US SMALL CAP OPPORTUNITY  \" A\" (SGD) ACC","IE00B7SZL793.SGD":"Legg Mason Royce - US Small Cap Opportunity A Acc SGD-H","CVE":"Cenovus能源","LU2308191902.HKD":"BNP PARIBAS ECOSYSTEM RESTORATION \"CLASSIC\" (HKD) ACC","BK4566":"资本集团","BK4120":"环境与设施服务","MEG":"Montrose Environmental Group","BK4201":"综合性石油与天然气企业","IE00B19Z4B17.USD":"LEGG MASON ROYCE US SMALL CAP OPPORTUNITY \"A\" (USD) ACC","BK4588":"碎股","BK4585":"ETF&股票定投概念","IE0031619046.USD":"LEGG MASON ROYCE US SMALL CAP OPPORTUNITY \"A\" (USD) INC"},"translate_title":"尽管受到冷落，斯特拉斯科纳仍继续推动与MEG Energy达成协议——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"CVE":0.9,"MEG":1.5},"content_text":"1021 ET - Strathcona isn't giving up on a tie-up with MEG Energy, even if it keeps getting rebuffed. MEG Energy is still looking to push through its marriage with Cenovus, even after a new offer from Strathcona. Strathcona says it still has \"strong shareholder support\" for its bid. The shareholder meeting to decide the fate of the company is on Oct. 9, and Strathcona, which has been buying shares in MEG Energy, says it will use its now 14.2% interest to vote against the deal. \"Strathcona is disappointed that the MEG Board has elected to re-commit to the MEG Board Deal, despite the clearly superior Amended Offer,\" it says, adding that its offer delivers both an upfront premium to the MEG Board Deal \"and allows MEG shareholders to fully participate in future upside as part of a bigger, stronger business.\" (adriano.marchese@wsj.com) \n\n\n  (END) Dow Jones Newswires\n\n\n  September 16, 2025 10:21 ET (14:21 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}