Deadline for MEG Shareholders to deposit their proxies to vote on the Cenovus Transaction extended to Wednesday, 2025 at 9:00 a.m. As of today's date, of those MEG Shares represented by proxy or expected to be voted in person at the Meeting, 86% of all such MEG Shares, and 83% of all such MEG Shares, excluding the MEG Shares held by Strathcona, were FOR the Cenovus Transaction Deadline for MEG Shareholders to make an [...]
Cenovus Energy Inc. today announced that it has entered into a second amending agreement in respect of the arrangement agreement dated August 21, 2025 to acquire MEG Energy Corp. . Under the terms of the Agreement, each MEG shareholder will now have the option to elect to receive, for each MEG common share, $30.00 in cash; or 1.255 Cenovus common shares, subject to rounding and pro-ration based on a maximum amount of $3.8 [...]
Improved Transaction Consideration of $30.00 per MEG Share Improved Transaction Consideration payable 50% in cash and 50% in highly liquid Cenovus Shares The MEG Board recommends MEG Shareholders vote FOR the Improved Cenovus Transaction The Meeting date remains unchanged and the Meeting will occur on Thursday, October 30, 2025 at 9:00 a.m. For questions or assistance with voting or making elections, contact Sodali & Co [...]
Cenovus Energy Inc. will release its third-quarter 2025 results on Friday, October 31, 2025. The news release will provide consolidated third-quarter operating and financial information. The company's financial statements will be available on Cenovus's website, cenovus.com. Third-quarter 2025 conference call: 9 a.m. MT For analysts wanting to join the call, please register in advance. To participate in the conference [...]
Cenovus Energy Inc. today announced that the special meeting of holders of common shares of MEG Energy Corp. related to Cenovus's proposed acquisition of MEG has been postponed, pursuant to Cenovus exercising its contractual postponement right, from October 22, 2025, to October 30, 2025. The deadline for submitting proxies has been extended to October 29, 2025, at 9:00 a.m. . At the time of the postponement, approximately [...]
Approximately 63% of the MEG Shares represented by proxy or expected to be voted in person at the Meeting are FOR the approval of the Cenovus Transaction, despite opposition from Strathcona which is assumed to have voted against the Cenovus Transaction The Meeting has been postponed, pursuant to Cenovus exercising its contractual postponement right, to Thursday, October 30, 2025 at 9:00 a.m. to allow MEG Shareholders [...]
Cenovus Energy Inc. today announced that it has acquired an additional 3,276,460 common shares of MEG Energy Corp. through the facilities of the Toronto Stock Exchange or other Canadian alternative exchanges or markets. Immediately following the acquisition of the common shares, Cenovus beneficially owned, directly or indirectly, and exercised control or direction over, an aggregate of 25,000,000 MEG common shares [...]
The Improved Cenovus Transaction is valued at $29.79 per MEG Share as of close of market on October 10, 2025, payable 50% in cash and 50% in highly liquid Cenovus Shares MEG Shareholders are encouraged to make an election with respect to their preferred form of consideration to be received for the Improved Cenovus Transaction ahead of the Revised Election Deadline of Monday, October 20, 2025 at 4:30 p.m. MEG Shareholders [...]
Cenovus Energy Inc. today announced that it has acquired an aggregate of 21,723,540 common shares of MEG Energy Corp. through the facilities of the Toronto Stock Exchange or other Canadian alternative exchanges or markets. Immediately following the acquisition of the common shares, Cenovus beneficially owned, directly or indirectly, and exercised control or direction over an aggregate of MEG common shares representing [...]
Improved Cenovus Transaction involves consideration of $29.79 per MEG Share as of close of market on October 10, 2025 MEG has filed the Amending Agreement in connection with the Improved Cenovus Transaction The MEG Shareholder meeting has been postponed to Wednesday, October 22, 2025 at 9:00 a.m. to allow MEG Shareholders additional time to deposit proxies and vote FOR the Improved Cenovus Transaction Improved Cenovus [...]
Cenovus Energy Inc. today announced that it has entered into an amending agreement in respect of the arrangement agreement dated August 21, 2025 to acquire MEG Energy Corp. . Under the terms of the Amended Agreement, each MEG shareholder will have the option to elect to receive, for each MEG common share, $29.50 in cash; or 1.240 Cenovus common shares, subject to rounding and pro-ration based on a maximum amount of $3.8 [...]
Improved Transaction Consideration of $29.80 per MEG Share represents an increase of $2.35 per MEG Share from the announced value of the Initial Transaction Consideration Improved Transaction Consideration payable 50% in cash and 50% in highly liquid Cenovus Shares Increased equity component provides MEG Shareholders with additional upside participation in Cenovus, an industry-leading producer with significant scale [...]
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