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8 hours ago
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More than 86% voted in favour of the hard-fought deal
Published Nov 06, 2025
Last updated 2 minutes ago
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MEG Energy Corp. shareholders have approved Cenovus Energy Inc.’s $8.6-billion takeover offer.
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More than 86 per cent of the votes were cast in favour of the deal, MEG chairman James McFarland said Thursday morning.
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The deal also passed a minority approval test, with 83 per cent of votes cast — excluding shares controlled by the oilsands producer’s largest shareholder Strathcona Resources Ltd. — voting in favour of the transaction.
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More to come …
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