POOJA MENON

1 week ago | today.westlaw.com | POOJA MENON |Leroy Leo

(Reuters) -Canadian oil producer MEG Energy on Monday urged its shareholders to reject a nearly C$6 billion ($4.42 billion) hostile takeover offer from Strathcona Resources, calling the bid inadequate and not in their best interest.

1 week ago | cp24.com | POOJA MENON |Leroy Leo

The board also launched a strategic review to explore alternatives that could lead to a better offer than MEG's current plan to be a standalone company. In May, the Canadian oil and gas producer Strathcona Resources said it planned to launch a hostile takeover bid for MEG Energy, valuing its rival's shares at $23.27 per share. MEG's last close was $25.71. Later, MEG advised its shareholders to not take action on the unsolicited takeover bid.

3 weeks ago | today.westlaw.com | POOJA MENON |Andrea Ricci |Alan Barona |Curtis Williams

(Reuters) -Energy developer Glenfarne said on Tuesday that its unit, Glenfarne Alaska LNG, has completed the first round of its strategic partner selection process with over 50 companies that have formally expressed interest for over $115 billion of...

3 weeks ago | today.westlaw.com | POOJA MENON |Vijay Kishore |Leslie Adler |Alexandra Hudson

(Reuters) -Meta Platforms on Tuesday said it has struck an agreement with Constellation Energy to keep one of the utility's reactors in Illinois operating for 20 years, in the Big Tech company's first such deal with a nuclear power plant.

3 weeks ago | gurutrade.com | POOJA MENON |Shilpi Majumdar |Sriraj Kalluvila

June 2 (Reuters) - Baker Hughes will sell 65% of its surface pressure control business to a unit of equipment maker Cactus for $344.5 million, as the oilfield services provider focuses on its core businesses amid volatile oil prices. The companies will form a joint venture to hold the business, they said on Monday, with Baker Hughes retaining a 35% stake after the deal closes.