MEG Takeover Vote Postponed Again
A regulatory inquiry has prompted MEG and Cenovus companies to postpone the takeover vote until November 6.
Questions were raised about a deal struck between former rival suitors for MEG Energy Corp., resulting in another last-minute postponement of a shareholder vote on a takeover offer for the oilsands producer.
A vote to approve Cenovus Energy Inc.'s $8.6-billion acquisition was delayed twice before MEG's board announced it would be postponed for another week — the third postponement since the friendly deal was announced.
A regulatory inquiry prompts oilsands companies to put off vote until Nov. 6
Author's summary: MEG takeover vote delayed again due to regulatory inquiry.
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