Cenovus Energy to acquire MEG Energy in C$7.9 billion deal-August 2024-www.financetom.com

Cenovus Energy to acquire MEG Energy in C$7.9 billion deal

News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities

Cenovus Energy to acquire MEG Energy in C$7.9 billion deal

Aug 22, 2025 3:19 AM

Aug 22 (Reuters) - Canadian oil producer MEG Energy ( MEGEF )

said on Friday it has agreed to be acquired by larger

peer Cenovus Energy ( CVE ) in a C$7.9 billion cash-and-stock

deal, including debt.

(Reporting by Vallari Srivastava in Bengaluru; Editing by

Shinjini Ganguli)

Previous page： --Microsoft Surpasses $4 Trillion in Market Cap Next page： Canadian Utilities Q2 Adjusted Earnings Rise, Beat Estimates

Comments

Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.

Show More Comments

Related Articles >

--Microsoft Surpasses $4 Trillion in Market Cap

Jul 31, 2025

09:32 AM EDT, 07/31/2025 (MT Newswires) -- Price: 547.32, Change: +34.08, Percent Change: +6.64 ...

Canadian Utilities Q2 Adjusted Earnings Rise, Beat Estimates

Jul 31, 2025

09:34 AM EDT, 07/31/2025 (MT Newswires) -- Canadian Utilities ( CDUTF ) on Thursday reported higher second-quarter adjusted earnings that beat estimates. Adjusted earnings, which exclude most one-time items, increased to $121 million, or $0.45 per share, from $117 million, or $0.43 per share. The result beat analysts expectation of $0.44 per share, according to FactSet. The company's shares are...

Baxter cuts forecast, misses estimates amid lingering hurricane impact on medical products unit

Jul 31, 2025

(Reuters) -Baxter International ( BAX ) cut its 2025 profit forecast on Thursday, while quarterly earnings missed analysts' estimates due to the lingering effect of Hurricane Helene, which damaged a key manufacturing facility and reduced demand for IV solutions. Shares of the medical products maker fell about 11% in premarket trading. Baxter now expects 2025 adjusted profit between $2.42 and...

Google agrees $36 million fine for anti-competitive deals with Australia telcos

Aug 17, 2025

SYDNEY, Aug 18 (Reuters) - Google agreed on Monday to pay a A$55 million ($35.8 million) fine in Australia after the consumer watchdog found it had hurt competition by paying the country's two largest telcos to pre-install its search application on Android phones, excluding rival search engines. The fine extends a bumpy period for the Alphabet-owned internet giant in Australia,...