Li Ka-shing’s Husky Energy goes hostile in Chinese battle for Canada’s MEG

Li Ka-shing’s Husky Energy goes hostile in Chinese battle for Canada’s MEG

Li Ka-Shing (Bloomberg)

Husky Energy Inc. made a C$3.3 billion ($2.6 billion) hostile bid for MEG Energy Corp., setting up a battle between Hong Kong billionaire Li Ka-shing’s Canadian oil company and Chinese energy giant CNOOC Ltd., a major investor in the targeted oil-sands producer.

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