02:25 PM EDT, 10/30/2025 (MT Newswires) -- The chairman of MEG Energy Corp. ( MEGEF ) has paused a shareholder meeting on a proposed takeover by Cenovus Energy Inc. ( CVE ) to address an unspecified regulatory matter, The Canadian Press is reporting Thursday.

It noted the meeting had been set for 9 a.m. local time Thursday, but is now to resume at 2 p.m.

"My role as chair is a little bit more difficult this morning," James McFarland told the meeting, being held in person and over webcast. "I've made a decision to recess the meeting.... in order to give us time to address a regulatory inquiry that came in late yesterday evening."

McFarland did not elaborate on the nature of the inquiry.

Thursday's report noted it's the latest twist in a bitter months-long takeover fight that pitted oilsands giant Cenovus against smaller rival bidder Strathcona Resources ( STHRF ) , which dropped its all-stock bid earlier this month and on Monday pledged to vote its 14% stake in MEG in favour of a sweetened Cenovus offer.

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

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