8 d. ago Shareholder advisor gives lukewarm endorsement to Cenovus offer for MEG Energy

Cenovus Energy Inc.’s $7.3 billion takeover of MEG Energy Corp. is to be paid three-quarters in cash and a quarter in stock

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8 d. ago ISS offers ‘cautionary support’ to Cenovus takeover offer for MEG Energy

CALGARY — Proxy advisory firm Institutional Shareholder Services is recommending “cautionary support” for MEG Energy’s plan to be acquired by oilsands giant Cenovus Energy. ISS says in a report that shareholders in MEG find themselves in a dilemma because the Cenovus offer is “neither compelling nor opportunistic,” but it’s uncertain if a better bid will […]

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8 d. ago ISS Gives Lukewarm Endorsement to Cenovus Offer for MEG Energy

A prominent shareholder adviser recommended investors vote in favor of Cenovus Energy Inc.’s C$7.3 billion ($5.2 billion) takeover of MEG Energy Corp., boosting the oil producer’s bid to consolidate Canada’s oil sands sector.

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3 w. ago Cenovus CEO says he’s ‘closing the door’ on higher bid for Meg

Cenovus announced a cash-and-stock offer for Meg last month that currently values the target at about US$28 a share

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3 w. ago Cenovus CEO Says He’s ‘Closing the Door’ on Higher MEG Offer

Cenovus Energy Inc.’s top executive said the company doesn’t plan to increase its takeover offer for oil sands producer MEG Energy Corp., despite a higher rival bid from Strathcona Resources Ltd.

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3 w. ago Strathcona ups its offer for MEG Energy, sets new deadline for shareholders

The offer represents an 11% premium over the implied value of Cenovus' offer

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4 w. ago Strathcona loads maximum stake in MEG in bid to block Cenovus takeover

Bought another six million shares — raising its total stake in the company to 14.2%

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