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John Tilak

Despite 60 percent support, Canada's Husky scrapped MEG oil merger

1:05pm EST

TORONTO/WINNIPEG, Manitoba When the final numbers were tallied late last Wednesday for Husky Energy's hostile bid for rival Canadian oil producer MEG Energy, Husky's top executives learned they had the support of nearly 60 percent of MEG shareholders, people familiar with the situation told Reuters.

UPDATE 2-Husky ends bid for MEG Energy after failing to win shareholder support

Jan 17 2019

Jan 17 Husky Energy Inc said on Thursday it will not extend its hostile bid for MEG Energy after failing to get sufficient support from the rival oil producer's board and shareholders.

Husky Energy to receive majority support in MEG takeover bid -sources

Jan 16 2019

Jan 16 Husky Energy Inc expects to secure over 50 percent support from MEG Energy shareholders for Husky's unsolicited offer to take over the rival oil producer by Wednesday's deadline, people familiar with the situation told Reuters.

MOVES-Citigroup names new head of Canada energy banking -memo

Jan 13 2019

NEW YORK/TORONTO, Jan 13 Citigroup Inc has hired Greg Saksida from TD Securities to head energy investment banking in Canada, according to an internal memo seen by Reuters on Sunday.

Canadian M&A seen rising after hitting 12-year high in 2018

Jan 04 2019

TORONTO Canadian merger-and-acquisition activity is expected to strengthen in 2019 as a slump in oil prices could fuel consolidation among energy companies and cannabis deals gain momentum, M&A advisers said.

Rio Tinto plans to list Canadian iron ore unit in early 2019: sources

Dec 24 2018

Anglo-Australian miner Rio Tinto is preparing to take its Iron Ore Company of Canada business public in the first half of 2019 by dual-listing it in New York and Toronto, people familiar with the situation told Reuters.

RPT-Canadian oil producers trade shares for growth but investors hard to impress

Nov 30 2018

WINNIPEG/TORONTO, Nov 29 Depressed Canadian oil prices are forcing energy companies to use their shares as a currency to fund acquisitions, but investors have been hard to win over to the strategy.

Canadian oil producers trade shares for growth but investors hard to impress

Nov 29 2018

WINNIPEG/TORONTO, Nov 29 Depressed Canadian oil prices are forcing energy companies to use their shares as a currency to fund acquisitions, but investors have been hard to win over to the strategy.

Canadian oil producers trade shares for growth but investors hard to impress

Nov 29 2018

WINNIPEG/TORONTO Depressed Canadian oil prices are forcing energy companies to use their shares as a currency to fund acquisitions, but investors have been hard to win over to the strategy.

Canadian investment firm Mawer explores potential C$2 billion sale: sources

Nov 09 2018

Canadian asset manager Mawer Investment Management is working with an investment bank to explore a potential sale in a deal that could be worth as much as C$2 billion ($1.51 billion), people familiar with the matter said on Friday.

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