Oct 8 (Reuters) - Cenovus Energy ( CVE ) on Wednesday

sweetened its offer to acquire MEG Energy ( MEGEF ), raising the value of

the proposed deal to C$29.80 per share, in an attempt to match a

rival bid from Strathcona Resources ( STHRF ).

The revised terms valued MEG at about C$8.6 billion ($6.16

billion), including debt, the company said, adding that it is

Cenovus' "best and final" offer.

Last month, MEG Energy ( MEGEF ) urged shareholders to reject the

takeover bid from its majority stakeholder Strathcona, saying

the offer "remains fundamentally unattractive," and reaffirmed

its support for sale to Cenovus.

($1 = 1.3953 Canadian dollars)

(Reporting by Tanay Dhumal in Bengaluru; Editing by Shreya

Biswas and Shinjini Ganguli)