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BRIEF-Meg Energy's Board Unanimously Rejects Husky Energy's Offer And Recommends Meg Shareholders Not Tender

Published 2018-10-17, 03:55 p/m
BRIEF-Meg Energy's Board Unanimously Rejects Husky Energy's Offer And Recommends Meg Shareholders Not Tender
MEG
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Oct 17 (Reuters) - MEG Energy Corp MEG.TO :

* MEG ENERGY'S BOARD OF DIRECTORS UNANIMOUSLY REJECTS HUSKY ENERGY'S OFFER AND RECOMMENDS MEG SHAREHOLDERS NOT TENDER

* MEG ENERGY CORP - "MEG'S STAND-ALONE PLAN IS WORTH SUBSTANTIALLY MORE THAN VALUE PROPOSED TO BE DELIVERED BY HUSKY IN HUSKY OFFER"

* MEG ENERGY- HUSKY OFFER MUST REMAIN OPEN UNTIL AT LEAST JAN 16, 2019 UNLESS OTHERWISE EXTENDED, ACCELERATED OR WITHDRAWN IN ACCORDANCE WITH ITS TERMS

* MEG ENERGY CORP - UPON RECEIPT OF HUSKY OFFER, BOARD ENGAGED WITH FINANCIAL AND LEGAL ADVISORS TO REVIEW HUSKY OFFER

* MEG ENERGY - BOARD HAS UNANIMOUSLY CONCLUDED THAT HUSKY OFFER "SIGNIFICANTLY UNDERVALUES" CO'S COMMON SHARES

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