MEG Takeover Vote Postponed Again
A shareholder vote on the takeover offer for MEG Energy Corp. has been postponed again due to questions about a side deal between Cenovus Energy Inc. and former rival suitors.
The vote, which was initially scheduled to take place, was delayed twice before MEG's board announced it would be postponed for another week, marking the third postponement since the friendly deal was announced.
The postponement was prompted by a "regulatory inquiry" into the deal, which has raised questions about the acquisition.
- The takeover offer is valued at $8.6 billion.
- The vote is now scheduled to take place on November 6.
No comment was made by the companies regarding the specifics of the inquiry.
Author's summary: MEG takeover vote delayed again due to regulatory inquiry.
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