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flag MEG Energy board advises shareholders to reject Strathcona's bid and back Cenovus's $7.9 billion offer.

flag MEG Energy's board recommends shareholders reject Strathcona's latest takeover bid and support Cenovus Energy's $7.9 billion deal. flag Strathcona offered 0.8 of a share for each MEG share, but MEG's board believes this doesn't adequately address the risks associated with Strathcona shares. flag The vote on the Cenovus deal is set for October 9.

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