"Under the terms of the definitive agreement, Husky shareholders will receive 0.7845 of a Cenovus share plus 0.0651 of a Cenovus share purchase warrant in exchange for each Husky common share. This represents a 21% premium, excluding warrants, relative to Husky’s five-day volume-weighted average price per share as at October 23, 2020. Including the warrants, the premium is 23%"
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This deal has to be favourable to Lee since he and his son are the majority shareholder. Any deal must benefit them greatly. This is why I have been accumulating Husky shares. I think this is a good deal for Husky.