Cenovus announced a cash-and-stock offer for Meg last month that currently values the target at about US$28 a share Other
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
The offer represents an 11% premium over the implied value of Cenovus' offer Events
Bought another six million shares — raising its total stake in the company to 14.2% Other
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
Cenovus said it expects to find $150 million in annual synergies in 2026, increasing to $400 million a year by 2028. Other
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
Alberta Indigenous Opportunities Corp. says it's not in 'the business of participating in mergers and acquisitions' Economics
