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Cenovus raises MEG Energy offer, wins Strathcona support

✍️ The Canadian Press 📅 Unknown 🕐 Scraped: October 28, 2025

Summary: Cenovus Energy Inc. has raised its takeover offer for MEG Energy Corp., winning the support of Strathcona Resources Ltd., which had opposed the deal.

Cenovus Energy Inc. has raised its takeover offer for MEG Energy Corp. again, winning the support of Strathcona Resources Ltd., which had opposed the deal.

Under the sweetened bid, Cenovus is offering $30 in cash or 1.255 Cenovus shares for each MEG share with limi

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The Canadian Press

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🌍 CBC News

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