MEG Shareholders Approve Cenovus Takeover After Long Bidding War
The vote marks the conclusion of a takeover battle for MEG that kicked off in May.
Photographer: Brent Lewin/Bloomberg
MEG Energy Corp. shareholders agreed to be acquired by Cenovus Energy Inc. after a dramatic five-month bidding war and multiple attempts to secure enough support to get the deal approved.
More than 86% of all shareholders, and 83% excluding Strathcona Resources Ltd.’s votes, backed the deal.