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flag Cenovus delays MEG takeover vote to Oct. 30 after 63% support falls short of two-thirds majority needed.

flag Cenovus Energy has delayed the shareholder vote on its $8.6 billion takeover of MEG Energy to October 30, after preliminary results showed about 63% support—below the two-thirds majority needed. flag The deal, which offers cash or Cenovus shares, has board backing but faces opposition from Strathcona Resources, which owns 14% of MEG and previously made a hostile bid. flag Cenovus says this is its best and final offer, urging shareholders to vote in favor before the new October 29 proxy deadline.

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