Husky Energy is encouraging MEG Energy shareholders to tender their shares immediately in support of Husky's full and fair offer announced on September 30, 2018.
Under the terms of Husky's offer, each MEG shareholder has the option to choose to receive consideration per MEG share of $11 in cash or 0.485 of a Husky share, subject to maximum aggregate cash consideration of $1 billion and a maximum aggregate number of Husky shares issued of approximately 107 million.
The proposed transaction has met all regulatory requirements, including approval granted under the Investment Canada Act.
As previously stated, Husky's offer includes a condition that at least 66 2/3 percent of MEG shares must be tendered before Husky will take up shares to successfully complete the transaction.
MEG shareholders are reminded to tender well in advance of the deadline of 5 p.m. Eastern Time on Wednesday, January 16, 2019. Most brokers and other financial intermediaries will have established earlier cut-off times, and shareholders must instruct their intermediaries promptly if they wish to tender.