Canadian operator Strathcona Resources has launched a hostile takeover bid for a fellow Calgary-based producer, MEG Energy, with an offer valued at more than C$5.9 billion (US$4.2 billion).

Canadian operator Strathcona Resources has launched a hostile take-over bid for a fellow Calgary-based producer, MEG Energy, with an offer valued at more than C$5.9 billion (US$4.2 billion).

Strathcona, which disclosed late Thursday it owns about a 9.2 per cent stake in MEG, said it sent a takeover offer to the MEG board of directors in April, but was rejected earlier this week.

CALGARY - Strathcona Resources Ltd. is making a takeover stock-and-cash offer for MEG Energy Corp. that values the company at about $5.9 billion. Strathcona is offering 0.62 of a Strathcona share ...

The distinctive karst landscapes of Guilin in the Guangxi Zhuang autonomous region, particularly its unusual mountains, fascinated preeminent modern painters like Liu Haisu (1896-1994) and Wu ...

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