4 d. ago MEG takeover saga draws to close as Cenovus completes purchase

CALGARY — Oilsands giant Cenovus Energy Inc. has completed its takeover of MEG Energy Corp. The two companies had neighbouring properties in the oilsands at Christina Lake, south of Fort McMurray, Alta. With the purchase, Cenovus gets another 110,000 barrels a day of production from what had been MEG’s flagship operation. “The addition of MEG […]

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2 w. ago MEG takeover vote postponed again over questions about Cenovus

'Regulatory inquiry' prompts oilsands companies to put off vote until Nov. 6

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2 w. ago MEG meeting on Cenovus deal paused to address ‘regulatory inquiry’

CALGARY — The chairman of MEG Energy Corp. has paused a shareholder meeting on a proposed takeover by Cenovus Energy Inc. to address an unspecified regulatory matter. The meeting had been set for 9 a.m. local time Thursday, but is now to resume at 2 p.m. “My role as chair is a little bit more […]

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3 w. ago Cenovus strikes side deal with Strathcona to secure support for MEG takeover

Former rival suitor and MEG's largest shareholder announces it will now support Cenovus at Thursday's vote

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3 w. ago Cenovus Energy raises MEG Energy offer, wins Strathcona support

CALGARY — Cenovus Energy Inc. has raised its takeover offer for MEG Energy Corp. again, winning the support of Strathcona Resources Ltd., which had opposed the deal. Under the sweetened bid, Cenovus is offering $30 in cash or 1.255 Cenovus shares for each MEG share with limits of $3.8 billion in cash and 159.6 million […]

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3 w. ago Varcoe: MEG's future unclear as investors prepare to vote on Cenovus takeover bid

It seems unlikely MEG Energy will remain a stand-alone company, but experts say it’s not an impossibility

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3 w. ago Cenovus delays MEG Energy shareholder vote of takeover offer

CALGARY — Cenovus Energy Inc. says a vote by MEG Energy Corp. shareholders on its proposed takeover offer is being postponed after it appeared approval might fall short of the required two-thirds majority. The company said Tuesday at the time of the postponement that about 63 per cent of the MEG shares represented by proxy […]

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3 w. ago Cenovus delays shareholder vote on MEG takeover offer on signs bid could fall short of necessary support

This is the second time a vote on Cenovus's white-knight bid for MEG has been postponed

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