02:57 PM EST, 11/06/2025 (MT Newswires) -- MEG Energy ( MEGEF ) on Thursday said that its shareholders voted in favour of the previously announced plan of arrangement involving MEG, MEG shareholders and Cenovus Energy ( CVE ) , which has been preferred to a rival plan involving Strathcona Resources ( STHRF )

Thursday's statement noted that, at the special meeting of holders of common shares of MEG, the special resolution approving the Cenovus transaction was approved by 86.15% of the votes cast by MEG shareholders, present in person or represented by proxy at the meeting.

The company said that the transaction resolution was also approved by 83.35% of the votes cast by MEG shareholders present in person or represented by proxy at the meeting, after excluding the shares held by Strathcona Resources Ltd ( STHRF ) and its respective related parties and joint actors.

MEG Energy ( MEGEF ) also said that its application to the Court of King's Bench of Alberta for a final order in respect of the Cenovus transaction is expected to take place in mid-November and subject to the approval of the Court and the satisfaction or waiver of other customary closing conditions, the Cenovus transaction is expected to close shortly thereafter.

MEG Energy ( MEGEF ) shares were last seen up $0.36 or 1.2% at $29.79, while Cenovus Energy ( CVE ) shares were last seen up $0.47 to $23.86 on the Toronto Stock Exchange.

Price: 29.79, Change: +0.36, Percent Change: +1.22