MEG Meeting on Cenovus Deal Postponed
A meeting to discuss the proposed takeover of MEG by Cenovus Energy Inc. has been delayed another week.
MEG board chair James McFarland paused the meeting twice on Thursday to address a last-minute "regulatory inquiry" before adjourning it until November.
The delay is the latest development in a bitter takeover fight between Cenovus and Strathcona Resources Ltd.
- Strathcona dropped its all-stock bid earlier this month.
- Strathcona pledged to vote its 14% stake in MEG in favour of a sweetened offer from Cenovus.
MEG board chair James McFarland twice paused the meeting to address a last-minute "regulatory inquiry"
Author's summary: MEG meeting delayed due to regulatory inquiry.