4 d. 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

Other

4 d. 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.

Other

6 d. 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

Events

9 d. 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%

Other

2 w. ago Fire at recycling plant on edge of Edmonton keeps crews busy

Edmonton police shut 34 Street between the Sherwood Park Freeway and Baseline Road, prompting drivers to find alternate routes around the area

Events

2 w. ago Strathcona plans to raise stake in MEG Energy as takeover battle heats up

MEG has until Sept. 15 to decide whether to accept Strathcona's offer or wait for a vote on Cenovus' deal on Oct. 9

Events

3 w. ago Varcoe: With Cenovus Energy's offer for MEG, consolidation grows in oilsands – deal

Cenovus said it expects to find $150 million in annual synergies in 2026, increasing to $400 million a year by 2028. 

Other

3 w. ago Cenovus acquiring MEG Energy in $7.9B merger of two Calgary companies

Cenovus Energy announced Friday that it’s buying oilsands producer MEG Energy in a cash and stock deal valued at $7.9 billion, ending weeks of speculation about the possible merger. The union of the two Calgary-based companies will see Cenovus acquire all of the common shares of MEG for $27.25 per share, to be paid in […]

Economics

last month Alberta Indigenous loan agency pushes back against report it would help finance joint bid for MEG Energy

Alberta Indigenous Opportunities Corp. says it's not in 'the business of participating in mergers and acquisitions'

Economics