(Bloomberg) Highfields Capital Management is in no rush to sell its MEG Energy Corp. stake, instead betting that a bidding war for the Calgary-based oil sands company could erupt amid a C$6.3 billion ($4.9 billion) hostile takeover attempt by Husky Energy Inc. The Boston-based investment firm’s chief executive officer, Jon Jacobson, made the surprise announcement Wednesday that his $12.1 billion hedge fund will wind down and begin returning clients’ money by the end of the year, joining other star managers who have exited the business.
MEG Energy Holder Highfields Sees Bidding War After Husky Offer
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