MEG Meeting Postponed Amidst Cenovus Deal
A meeting regarding the proposed takeover of MEG by Cenovus Energy Inc. has been delayed another week.
MEG board chair James McFarland paused the meeting twice on Thursday to address a last-minute "regulatory inquiry" before adjourning it until November.
This development is the latest in a bitter months-long takeover fight between Cenovus and Strathcona Resources Ltd.
Strathcona had dropped its all-stock bid earlier in the month and pledged to vote its 14% stake in MEG in favor of a sweetened offer from Cenovus.
Regulatory inquiry
Author's summary: MEG meeting delayed due to regulatory inquiry.
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