Cenovus Energy has increased its price for MEG Energy and said its shareholders will have the option to receive more in shares if they choose as it looks to ward off rival offers. The Calgary, Alberta ...

MEG Energy (OTCPK:MEGEF) shareholders should vote in favor of its planned sale to Cenovus Energy (NYSE:CVE), proxy adviser ISS recommended. “It is difficult to conclude with certainty that there is a ...

Cenovus Energy agreed to acquire MEG Energy in a CAN$7.9-billion deal. The combined assets will produce over 720,000 b/d, with total oil sands production projected to reach about 850,000 b/d by 2028.

Cenovus Energy on Friday announced it has entered into a definitive arrangement agreement to acquire MEG Energy Corp in a cash and stock deal valued at US$5.7 billion (C$7.9 billion), including ...

CALGARY, Alberta, Nov. 13, 2025 (GLOBE NEWSWIRE) -- Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) is pleased to announce that its acquisition of MEG Energy Corp. (TSX: MEG) (MEG) was completed today.

Each MEG shareholder will have the option to elect to receive, for each MEG common share (i) $27.25 in cash; or (ii) 1.325 Cenovus common shares, subject to pro-ration based on a maximum amount of ...

Tsvetana is a writer for Oilprice.com with over a decade of experience writing for news outlets such as iNVEZZ and SeeNews. Cenovus Energy is raising its takeover bid for MEG Energy in the best and ...

Revised Strathcona Offer exposes MEG Shareholders to inferior assets, an unproven track record, an overvalued Strathcona share price, significant overhang risk, and governance risk The Special ...

(Reuters) -Canadian oil sands producer MEG Energy shareholders on Thursday voted in favor of a buyout by Cenovus Energy, ending a months-long takeover battle. Cenovus and Strathcona had been locked in ...

Oil producer MEG Energy Corp. postponed its planned shareholder vote on a takeover offer from Canadian rival Cenovus Energy Inc., saying it’s still just short of the support it needs for the deal to ...