Husky Energy Inc. said it has made an unsolicited bid to acquire oil-sands producer MEG Energy Corp. in what would be a combination of Canadian petroleum companies. Calgary-based Husky said it was proposing to purchase MEG for 3.3 billion Canadian dollars (US$2.6 billion) in a cash-and-stock deal. Husky also will assume MEG’s debt, which is about C$3.1 billion.

Source: Wall Street Journal September 30, 2018 22:18 UTC