MEG Energy Delays Decision on Cenovus Takeover ...Middle East

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MEG Energy Delays Decision on Cenovus Takeover
source : OILPRICE ( Middle East ) () 70
MEG Energy has delayed a shareholder vote on the proposed takeover of the company by sector player Cenovus, after a regulatory inquiry prompted the target company to provide additional information. Media quoting the chairman of MEG Energy’s board reported that the decision to postpone the vote was made with the knowledge of Cenovus and that the information requested by regulators concerned a transaction between Cenovus and its rival in the bidding for MEG Energy, Strathcona. The transaction, Reuters reported, concerns Cenovus’ Vawn…

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