Cenovus Sweetens MEG Deal: A Final Offer
Update: 2025-10-09
Description
Cenovus sweetens its MEG Energy takeover bid to $29.80 per share after investor feedback, offering a cash-and-stock split. With regulatory hurdles cleared and record oil production reported, Cenovus aims to finalize the deal, expanding its oil sands footprint and boosting shareholder value through buybacks. MEG's shareholder vote is set for October 22, 2025.
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