financetom
Business
financetom
/
Business
/
Strathcona backs Cenovus' sweetened C$30-a-share offer for MEG
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Strathcona backs Cenovus' sweetened C$30-a-share offer for MEG
Oct 27, 2025 3:38 AM

Oct 27 (Reuters) - Cenovus Energy ( CVE ) on

Monday further sweetened its bid for MEG Energy ( MEGEF ) to C$30

a share, winning long-sought backing from MEG's largest

shareholder, Strathcona Resources ( STHRF ).

Earlier this month, Cenovus had already raised its offer for

MEG to about C$29.80 per share, and said it was its "best and

final" offer, in an attempt to outbid Strathcona.

Shareholder meeting on the transaction is expected to be

held on October 30, which was postponed from October 22.

($1 = 1.4024 Canadian dollars)

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
US right-wing media figures, tech pioneers call for superintelligent AI ban
US right-wing media figures, tech pioneers call for superintelligent AI ban
Oct 21, 2025
Oct 22 (Reuters) - A group including right-wing U.S. media personalities Steve Bannon and Glenn Beck has signed a statement calling for a ban on developing superintelligent artificial intelligence until the public demands it and science paves a safe way forward, according to the non-profit organizers of the initiative. The proposal, also signed by technology pioneers Geoffrey Hinton and Yoshua...
Ipsen to acquire ImCheck Therapeutics, expanding its leadership in oncology, strengthening its pipeline
Ipsen to acquire ImCheck Therapeutics, expanding its leadership in oncology, strengthening its pipeline
Oct 21, 2025
Acquisition focused on lead clinical-stage program ICT01 in acute myeloid leukemia, where data from the ongoing Phase I/II EVICTION trial showed high treatment response ICT01 has the potential to be a new standard of care in combination in first line unfit acute myeloid leukemia, an aggressive blood cancer affecting older adults Ipsen to acquire all issued and outstanding shares of...
UN cybercrime pact to be signed in Hanoi raises hopes, concerns
UN cybercrime pact to be signed in Hanoi raises hopes, concerns
Oct 21, 2025
* UN treaty is unprecedented step in fight against cybercrime * Activists, companies say it poses risks to human rights * Tech firms warn it may help criminalise ethical hackers * UN says human rights are protected by the convention By Francesco Guarascio HANOI, Oct 22 (Reuters) - A landmark U.N. cybercrime agreement aimed at curbing offences that cost the...
Ukraine's Zelenskiy to visit Sweden on Wednesday for defence talks
Ukraine's Zelenskiy to visit Sweden on Wednesday for defence talks
Oct 21, 2025
STOCKHOLM, Oct 22 (Reuters) - Ukrainian President Volodymyr Zelenskiy will visit Sweden on Wednesday to meet with Prime Minister Ulf Kristersson in the city of Linkoping where the two leaders visit a company, the Swedish government said in a statement. The prime minister and President Zelenskiy will hold a joint press conference to present news regarding ​​defence exports, the Swedish...
Copyright 2023-2026 - www.financetom.com All Rights Reserved