Stowvat Investments Limited: Despite 60 pct support, Canada’s Husky scrapped MEG oil merger

Stowvat Investments Limited

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Thursday, 24 January 2019

Despite 60 pct support, Canada’s Husky scrapped MEG oil merger

24 January 2019, News Wires — When the final numbers were tallied late last Wednesday for Husky Energy’s hostile bid for rival Canadian oil producer MEG Energy, Husky’s top executives learned they had the support of nearly 60 percent of MEG shareholders, people familiar with the situation told Reuters. That meant they easily surpassed the 50 … More »