MEG Vote on Cenovus Acquisition Delayed
A vote to approve Cenovus's acquisition of MEG Energy Corp. has been delayed due to a "regulatory inquiry".
The vote, expected to take place on Thursday, will now be held at 2 p.m. despite the delay.
The acquisition, worth $8.6-billion, has been the subject of a months-long battle between Cenovus and rival Strathcona.
A shareholder vote to approve Cenovus Energy Inc.’s $8.6-billion acquisition of MEG Energy Corp.
Author's summary: Cenovus acquisition of MEG Energy delayed.