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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.
Cenovus unveils $7.9-billion white-knight bid for MEG Energy
Following weeks of speculation, Cenovus Energy Inc. unveiled a $7.9-billion white knight bid for MEG Energy Corp. on Friday, a majority-cash, part-stock offer that has the blessing of MEG’s board after it rejected a hostile takeover attempt by Strathcona Resources Ltd.
Strathcona Resources will vote against Cenovus Energy's C$7.9B acquisition of MEG Energy, founder Adam Waterous said.
Calgary Herald on MSN2m
Varcoe: With Cenovus Energy's offer for MEG, consolidation grows in oilsands – deal-making tops $89B over decade
Cenovus said it expects to find $150 million in annual synergies in 2026, increasing to $400 million a year by 2028.
ExxonMobil Corp.’s majority owned affiliate Imperial Oil Ltd. has formally commissioned its long-planned grassroots renewable ...
We are reviewing MEG Energy and Strathcona Resources stock again amid a combative takeover bid. Click here to find out why ...
Fully functional in late July, the long-awaited footbridge connects Edmonton’s 167 Avenue on the west side of the river to ...
Campbell River, B.C. – The Strathcona Regional District (SRD) has announced the launch of a new Parks and Trails Plan for ...
The oldest armoury in the province is up for sale, but the future owner must properly upkeep the historical exterior elements ...
The Edmonton Overlanders Orienteering Club will be hosting the world ranking Canadian Orienteering Championships in ...
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