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Cenovus Energy buys 8.5% of MEG Energy in $8.6B deal, pending Oct. 22 shareholder vote.
Cenovus Energy has acquired an 8.5% stake in MEG Energy, buying 21.7 million shares since October 8, as part of its $8.6 billion all-cash-and-stock takeover bid.
The move follows Strathcona Resources’ withdrawal of its competing offer.
The deal, which involves adjacent oilsands operations at Christina Lake, Alberta, awaits a shareholder vote on October 22, 2025.
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Cenovus Energy compra el 8.5% de MEG Energy en un acuerdo de $8.6B, pendiente de la votación de los accionistas el 22 de octubre.