06:33 AM EDT, 10/14/2025 (MT Newswires) -- Cenovus Energy ( CVE ) said Tuesday it has acquired a total of about 21.7 million common shares of MEG Energy as part of its bid to acquire the Toronto-listed firm.

That gives Cenovus 8.5% of MEG Energy's shares, it said. Shares of Cenovus Energy ( CVE ) were down 1% in recent Tuesday premarket activity. Cenovus announced its deal to acquire MEG Energy in August.