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Glass Lewis backs Cenovus’ cash-and-stock bid for MEG, urging approval on Oct. 9, 2025.
Glass Lewis & Co. has endorsed Cenovus Energy’s cash-and-stock takeover bid for MEG Energy, urging shareholders to approve the deal on October 9, 2025.
The recommendation supports Cenovus over a competing all-stock offer from Strathcona Resources, which owns 14.2% of MEG and plans to oppose the transaction.
Both Cenovus and MEG operate nearby oilsands projects in Alberta.
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Glass Lewis respalda la oferta en efectivo y en acciones de Cenovus para MEG, instando a la aprobación el 9 de octubre de 2025.