MEG Takeover Vote Postponed Again
A regulatory inquiry has prompted MEG and Cenovus companies to postpone the takeover vote until November 6.
Questions have been raised about a side deal between Cenovus and Strathcona, and as a result, the shareholder vote on the $8.6-billion acquisition of MEG Energy Corp. has been delayed for the third time.
A vote to approve Cenovus Energy Inc.‘s $8.6-billion acquisition was delayed twice Thursday before MEG’s board announced it would be postponed for another week.
The postponement is due to concerns over the deal struck between former rival suitors for MEG Energy Corp.
- Takeover vote postponed until November 6
- Regulatory inquiry prompted the postponement
- Questions raised about Cenovus-Strathcona side deal
Author's summary: MEG takeover vote delayed again due to regulatory inquiry.
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