02:01 PM EDT, 10/21/2025 (MT Newswires) -- Cenovus Energy ( CVE ) said Tuesday that a special meeting of MEG Energy shareholders to vote on Cenovus' proposed acquisition of the Canadian firm has been postponed to Oct. 30.

The meeting was postponed at the request of Cenovus to provide MEG Energy shareholders more time to deposit proxies and vote for the deal, according to a statement.

Under the proposed merger, MEG Energy shareholders can choose to receive CA$29.50 ($21) in cash or 1.24 Cenovus common shares or a combination for each MEG share held, the company said

Shares of Cenovus Energy ( CVE ) fell 1.7% in recent trading.

Price: 16.69, Change: -0.26, Percent Change: -1.53