RE:good news for shareholders iscoolfooldumbguy wrote: that the HUSKY takeover is the best you can get at this time because if they had waited with the offer by a few months, HUSKY would be able to get this for $7 per share instead of them paying $11 per share for MEG. the board is wrong about waiting for a better offer since the selloff last month in oil stocks and the drop in oil prices pretty well wiped out any better offers than the one you are getting,so glta or look at CPG prices for what could happen here.
In reality, the shareholders who sold the stock at $11 on the TSX were the smart ones. The Husky offer is no longer $11 per share since the HSE stock price has dropped by 25% since the offer was announced. The cash component in the bid is only $3.21