Mergers and Acquisitions

Husky Energy Inc. in its proposed acquisition of MEG Energy Corp. for $6.4 billion

Husky Energy Inc.
Team
Craig Spurn

Partner, Corporate, Calgary

Nathaniel Lipkus

Partner, Intellectual Property, Toronto

Shaun Parker

Partner, Employment and Labour, Calgary

Tristram Mallett

Partner, Disputes, Calgary

Kelsey Armstrong

Partner, Corporate, Calgary

Jeremy Fraiberg

Partner, Corporate, Toronto

Justin Sherman

Partner, Corporate, Calgary

Kaeleigh Kuzma

Partner, Competition/Antitrust and Foreign Investment, Calgary

Rob Lando

New York Managing Partner, New York

Tommy Gelbman

Partner, Disputes, Calgary

On September 30, 2018, Husky Energy Inc. ("Husky Energy") announced a proposal to acquire all of the outstanding shares of MEG Energy Corp. ("MEG") at an implied total enterprise value of $6.4 billion, including the assumption of approximately $3.1 billion of net debt.

The acquisition aims to increase upstream and downstream oil production while providing increased free cash flow per share, production growth and a basis for future dividend increases.

Osler, Hoskin & Harcourt LLP represents Husky Energy with a team led by Dan Kolibar (Corporate), and consisting of Justin Sherman, Jeremy Fraiberg, Rob Lando, Kelsey Armstrong, Courtney Bohn, Jordan Adler, Lily Liu, Jon McDonald (Corporate), Peter Glossop, Kaeleigh Kuzma, Jaime Auron (Competition/Antitrust & Investment Canada), Tris Mallett, Tommy Gelbman (Litigation), Jennifer Lee, Kevin Colan, Chad West (Tax), Nathaniel Lipkus (Intellectual Property), Shaun Parker (Employment & Labour), Craig Spurn (Energy).

Value
$6.4 billion
Date Closed
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Lead Office
Calgary
Team
Craig Spurn

Partner, Corporate, Calgary

Nathaniel Lipkus

Partner, Intellectual Property, Toronto

Shaun Parker

Partner, Employment and Labour, Calgary

Tristram Mallett

Partner, Disputes, Calgary

Kelsey Armstrong

Partner, Corporate, Calgary

Jeremy Fraiberg

Partner, Corporate, Toronto

Justin Sherman

Partner, Corporate, Calgary

Kaeleigh Kuzma

Partner, Competition/Antitrust and Foreign Investment, Calgary

Rob Lando

New York Managing Partner, New York

Tommy Gelbman

Partner, Disputes, Calgary