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Strathcona Resources will vote against Cenovus Energy's C$7.9B acquisition of MEG Energy, founder Adam Waterous said.
CALGARY — MEG Energy Inc. has accepted a friendly cash-and-stock takeover offer from oilsands neighbour Cenovus Energy Inc.
Cenovus Energy will acquire MEG Energy in a $5.7 billion cash-and-stock deal, consolidating oil sands assets and creating a 720,000 bpd producer.
Strathcona Responds to MEG Directors' Circular, Supports MEG Strategic Alternatives Process Provided by PR Newswire Jun 19, 2025, 9:16:00 PM ...