October 1, 2018 / 2:08 PM / 2 months ago

BUZZ-MEG Energy: Soars on Husky's buyout offer

** MEG Energy’s shares soar as much as ~46 pct to C$11.70 in early trading, hit nearly 3-yr high - biggest gainer on the Toronto Stock Exchange

** Husky Energy made an unsolicited bid to buy MEG for C$11/share, representing a premium of 37 pct to MEG’s Fri close; HSE’s shares down 7.4 pct

** Including debt of about C$3.1 bln, deal valued at C$6.4 bln

** “This is a real hand-in-glove sort of deal. It just fits together extremely well,” Husky CEO Rob Peabody on a conf. call with analysts

** MEG’s stock has more than doubled YTD vs ~16 pct rise in HSE’s shares (Reporting by John Benny)

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