12:18 PM EST, 11/06/2025 (MT Newswires) -- Cenovus Energy's ( CVE ) offer to acquire MEG Energy has received approval from shareholders of MEG Energy, BNN Bloomberg said Thursday.

MEG Energy Chairman James McFarland said 86% of the shareholders voted in favor of the deal, well above the two-thirds majority needed for the deal to proceed, according to the report.

The special shareholder meeting to vote on the deal was postponed three times in the past, and Cenovus sweetened its offer twice, with the latest valuing MEG Energy at about 8.6 billion Canadian dollars ($6.09 billion).

Cenovus Energy ( CVE ) did not immediately respond to MT Newswires' request for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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