When you linking your Twitter Account Market Wire News Trending Stocks news and your Portfolio Stocks News will automatically tweet from your Twitter account.
Be alerted of any news about your stocks and see what other stocks are trending.
Husky Energy (OTCPK:HUSKF) made an offer to buy out MEG Energy (OTCPK:MEGEF) on September 30, 2018, at a 37% premium to MEG's share price, offering a combination of cash and stock. On October 17, 2018 MEG's board rejected the offer, arguing that it undervalued MEG. Despite a subsequent significant decline in the price of oil and the local realized price for MEG's production, MEG's board did not change its recommendation, and in January 2019, Husky dropped its bid and MEG stock plunged.