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Cenovus Energy to Buy MEG Energy in C$7.9B Oil-Sands Tie

· 12h · on MSN

Cenovus Energy to Buy MEG Energy in $5.68 Billion Oil-Sands Tie-Up

Cenovus Energy said its proposed buyout of rival MEG Energy will unlock hundreds of millions of dollars in savings by consolidating their neighboring oil-sands operations in Alberta.

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Cenovus Energy Strikes $7.9 Billion Deal To Acquire MEG, Creating Oil Sands Powerhouse

Cenovus signs $7.9 billion cash-and-stock deal to buy MEG Energy

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

Cenovus' offer of C$27.25 per share gives MEG an equity value of about C$6.93 billion, according to Reuters calculations.

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Cenovus Energy to Buy MEG Energy in C$7.9B Oil-Sands Tie-Up

Cenovus Energy to acquire MEG Energy in $6.93-billion deal