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Husky offers to acquire MEG
Oct. 1, 2018

Husky offers to acquire MEG

Husky Energy announced that it has made an offer of acquisition of MEG Energy through an unsolicited bid. The deal is worth C$6.4 billion. The company also informed that the combined production would increase to over 410,000 barrels of oil equivalent per day and the refining and upgrading capacity will increase to 400,000 bpd. This acquisition has come at a time when Canadian oil producers are struggling with transportation problems.

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