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Strathcona Lobs $4.3B Offer For MEG, Snags PE Investment

By Jade Martinez-Pogue ( May 30, 2025, 12:13 PM EDT) -- North American oil producer Strathcona Resources Ltd. on Friday launched an unsolicited takeover offer to acquire Canadian thermal oil producer MEG Energy Corp. in a cash-and-stock deal, while simultaneously announcing a $662 million investment from Waterous Energy Fund in connection with the transaction. . . .

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