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Cenovus Energy rises following deal to acquire MEG Energy

Cenovus signs $7.9B deal to buy MEG as Strathcona says company is 'preying on a weak board'

Cenovus Energy Inc. has signed a cash-and-stock deal to buy MEG Energy Corp. that values the company at $7.9 billion, including debt. The deal comes after Strathcona Resources Ltd. made an unsolicited offer for MEG in May that the company urged shareholders to reject.

Seeking Alpha on MSN · 22h

Cenovus Energy to buy MEG Energy in C$7.9B deal, topping Strathcona bid

Cenovus Energy agreed to acquire MEG Energy in a cash and stock deal valued at C$7.9B (~US$5.7B) including debt, creating one of Canada's largest oil sands companies.

Cenovus to acquire MEG Energy in C$7.9 billion oil sands expansion deal

Canada's Cenovus Energy announced on Friday it will acquire MEG Energy in a C$7.9 billion ($5.68 billion) cash-and-stock deal, ending weeks of speculation that it would emerge as a white knight for MEG,

The Canadian Press on MSN14h

Strathcona blasts MEG Energy's 'weak board' as company chooses $7.9B Cenovus deal

CALGARY — MEG Energy Inc. has accepted a friendly cash-and-stock takeover offer from oilsands neighbour Cenovus Energy Inc.

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Strathcona Resources: MEG Energy Or A $10 Dividend? Cenovus Holds The Answer

We are reviewing MEG Energy and Strathcona Resources stock again amid a combative takeover bid. Click here to find out why ...

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