Husky Energy made a $6.4bn bid for MEG Energy.

Husky Energy, one of Canada’s largest integrated energy companies, made a $6.4bn bid for MEG Energy, a pure play Canadian oil sands producer engaged in exploration in Northern Alberta. "MEG Shareholders' rejection of the Husky offer confirms that the bid did not fully recognize the quality and long-term potential of MEG. During this process, we had the opportunity to meaningfully engage with a significant number of our shareholders. We appreciate their ongoing support and feedback on the strengths of, and opportunities for the company. MEG will be providing an update on its 2019 business plan in the near future. We remain focused on executing our strategic vision to unlock value from our world-class resource on behalf of our shareholders," Derek Evans, MEG President and Chief Executive Officer.