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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.
Strathcona Resources will vote against Cenovus Energy's C$7.9B acquisition of MEG Energy, founder Adam Waterous said.
On May 30, Strathcona made a formal offer to acquire all the issued and outstanding MEG shares it does not already own for a combination of 0.62 of a Strathcona share and $4.10 in cash per MEG ...
Strathcona Resources Ltd. ("Strathcona") today responded to the June 16, 2025 directors' circular ("Directors' Circular") filed by the Board of Directors (the "Board") of MEG Energy Corp. ("MEG ...
We are reviewing MEG Energy and Strathcona Resources stock again amid a combative takeover bid. Click here to find out why ...
ExxonMobil Corp.’s majority owned affiliate Imperial Oil Ltd. has formally commissioned its long-planned grassroots renewable ...
The Strathcona Regional District (SRD) is seeking volunteers to join its Accessibility and Inclusion Advisory Committee ...
Fully functional in late July, the long-awaited footbridge connects Edmonton’s 167 Avenue on the west side of the river to ...
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