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 Cenovus Energy Inc. and 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 decision to postpone was made.
A vote to approve Cenovus Energy Inc.'s $8.6-billion acquisition was delayed twice Thursday before MEG’s board announced it would be postponed for another week.
Author's summary: MEG takeover vote delayed again due to regulatory inquiry.
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