Q: I was surprised to receive the corporate action from MEG dated July 29th (see below) 1) Is this a done deal? I thought the offer was considered too low and speculation was that other offers would likely be forthcoming. 2) If it were you, what would you do with your shares of MEG?
Option 1: Tender (Canadian Shareholders and Shareholders who reside in a "Non-Restricted State") -
To receive $4.10 CAD and 0.62 of a common share of Strathcona Resources Limited (SCR (TSX) /
(STHRF) (OTC)) (862952108) for each common share of MEG Energy Corporation tendered.
Deadline for Client Instructions: September 12, 2025 11:59 AM Toronto time
Issue Expiry Date: September 15, 2025 05:00 PM Mountain time
Option 1: Tender (Canadian Shareholders and Shareholders who reside in a "Non-Restricted State") -
To receive $4.10 CAD and 0.62 of a common share of Strathcona Resources Limited (SCR (TSX) /
(STHRF) (OTC)) (862952108) for each common share of MEG Energy Corporation tendered.
Deadline for Client Instructions: September 12, 2025 11:59 AM Toronto time
Issue Expiry Date: September 15, 2025 05:00 PM Mountain time
5i Research Answer:
It is not a done deal, but it is a legit offer and needs to be mailed to shareholders for a...