GlobeNewswire Inc | Oct 26, 2020 01:37PM EDT

October 26, 2020

NEW YORK, Oct. 26, 2020 (GLOBE NEWSWIRE) -- Bragar Eagel & Squire, P.C., a nationally recognized stockholder rights law firm, has launched an investigation into whether the board members of Husky Energy, Inc. (Other OTC: HUSKF) breached their fiduciary duties or violated the federal securities laws in connection with the companys merger with Cenovus Energy Inc. (NYSE: CVE).

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On October 25, 2020, Husky Energy announced that it had signed an agreement to be acquired by Cenovus for approximately $3.8 billion. Pursuant to the merger agreement, Husky Energy stockholders will receive 0.7845 shares of Cenovus common stock and 0.0651 shares of a Cenovus purchase warrant for each share of Husky Energy common stock owned. The deal is expected to close in the first quarter of 2021.

Bragar Eagel & Squire is concerned that Husky Energys board of directors oversaw an unfair process and ultimately agreed to an inadequate merger agreement. Accordingly, the firm is investigating all relevant aspects of the deal and is committed to securing the best result possible for Husky Energys stockholders.

If you own shares of Husky Energy and are concerned about the proposed merger, or you are interested in learning more about the investigation or your legal rights and remedies, please contact Melissa Fortunato or Alexandra Raymond by email atinvestigations@bespc.comor telephone at (646) 860-9157, or byfilling out this contact form. There is no cost or obligation to you.

About Bragar Eagel & Squire, P.C.:Bragar Eagel & Squire, P.C. is a nationally recognized law firm with offices in New York and California. The firm represents individual and institutional investors in commercial, securities, derivative, and other complex litigation in state and federal courts across the country. For more information about the firm, please visit www.bespc.com. Attorney advertising. Prior results do not guarantee similar outcomes.

Contact Information:Bragar Eagel & Squire, P.C.Melissa Fortunato, Esq.Alexandra Raymond, Esq.investigations@bespc.comwww.bespc.com