BREAKING NEWS

BREAKING NEWS

Exclusive: Canadian oil firm MEG says Husky balked at friendly takeover offer

Exclusive: Canadian oil firm MEG says Husky balked at friendly takeover offer
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Todd Korol(Reuters)
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WINNIPEG, Manitoba (Reuters) - The chief executive of Canadian oil producer MEG Energy <MEG.TO> invited his counterpart at Husky Energy <HSE.TO> this month to negotiate a friendly takeover of MEG, but Husky did not follow up, MEG's vice-president of investor relations, John Rogers, said on Friday.

Husky abandoned its hostile bid for MEG on Thursday, saying it could not win sufficient MEG shareholder support after Alberta's government ordered production cuts to reduce a crude glut.

Husky officials could not be immediately reached for comment.

(Reporting by Rod Nickel in Winnipeg, Manitoba; Editing by Paul Simao)

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