MEG Takeover Vote Postponed Again
A regulatory inquiry has prompted MEG and Cenovus companies to postpone the takeover vote until November 6.
Questions were raised about a side deal between former rival suitors for MEG Energy Corp., resulting in another last-minute postponement of the shareholder vote.
The vote to approve Cenovus Energy Inc.'s $8.6-billion acquisition of MEG Energy Corp. was delayed twice before the postponement was announced.
A regulatory inquiry prompts oilsands companies to put off vote until Nov. 6
Autor's summary: MEG takeover vote delayed again due regulatory inquiry.
- Postponement announced: third delay since friendly deal announced
- Acquisition value: $8.6-billion
- New vote date: November 6
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